The People’s Procuracy of Hanoi on January 25 proposed a life sentence to Trinh Xuan Thanh, former Chairman of the Board of Directors of PetroVietnam Construction Corporation (PVC), on the charge of “asset embezzlement” at PetroVietnam Power Land JSC (PVP Land). Trinh Xuan Thanh, former Chairman of the Board of Directors of PetroVietnam Construction Corporation (PVC) A 17-18 year imprisonment was sought for Dao Duy Phong former Chairman of PVP Land’s Board of Directors; while 14-15 years of imprisonment was suggested for Nguyen Ngoc Sinh, former PVP Land General Director.The procuracy demanded prison terms of 11-12 years for Dinh Manh Thang, former Chairman of the Board of Directors of Song Da Oil and Gas Investment and Commerce JSC; Thai Kieu Huong, former Deputy General Director of Vietsan Investment JSC; and Huynh Nguyen Quoc Duy, a self-employed trader.Prison terms of 9-10 years and 8-9 years were proposed for Le Hoa Binh, former Chairman of the Board of Directors of the 1/5 Construction and Services JSC and Minh Ngan JSC; and Nguyen Thi Kim Thoa, former chief accountant of the 1/5 Construction and Services JSC and Minh Ngan JSC, respectively.However, Binh and Thoa are serving their sentence of life imprisonment on charge of “fraudulent appropriation of property” at the 1/5 Construction and Services JSC following verdict No. 134 issued on March 15, 2017. Therefore, the combined penalty for the two is life imprisonment.All these defendants are charged with “asset embezzlement” in accordance with Article 278, Clause 4 of the 1999 Penal Code.According… [Read full story]
Trinh Xuan Thanh (Source: VNA)Hanoi (VNA) – The Hanoi People’sCourt will open proceedings in the trial of Trinh Xuan Thanh, former Chairmanand General Director of PetroVietnam Construction Joint Stock Corporation(PVC), and his accomplices accused of wrongdoings at PetroVietnam and its subsidiary PVC on January 8. The court will judge 22 defendants who will be presented by a total of 42lawyers, including three lawyers for Dinh La Thang, former Chairman ofthe Member Council of PetroVietnam, and five lawyers for Thanh. Twelve out of the defendants in the case have been charged with “deliberatelyviolating State regulations on economic management, causing severeconsequences” in…... [read more]
Eight defendants will be prosecuted on the charge of “asset embezzlement” in accordance with Article 278, clause 4, count a of the Criminal Code 1999.They include Trinh Xuan Thanh, former Chairman of the Board of Directors of the PetroVietnam Construction Corporation (PVC); Dao Duy Phong, former Chairman of the PVP Land’s Board of Directors; Nguyen Ngoc Sinh, former PVP Land General Director; Dinh Manh Thang, former Chairman of the Board of Directors of Song Da Oil and Gas Investment and Commerce JSC; Thai Kieu Huong, former Deputy General Director of Vietsan Investment JSC; Le Hoa Binh, former Chairman of the…... [read more]
Trinh Xuan Thanh at the first instance trial on January 8. (Source: VNA) Hanoi (VNA) – The Hanoi People’s Court opened the first instance trial on January 8 for Trinh Xuan Thanh, former Chairman and General Director of PetroVietnam Construction Joint Stock Corporation (PVC), and his accomplices on several charges of wrongdoings at the company. Among the 22 defendants in the case, 12 were charged with “deliberately violating State regulations on economic management, causing severe consequences” under Clause 3 of Article 165 of the 1999 Penal Code. They included Dinh La Thang (former Chairman of the Member Council of PetroVietnam…... [read more]
Fugitive oil executive Trinh Xuan Thanh, who fled to Europe, is facing the death penalty for million-dollar losses at State-owned PetroVietnam, while its former Chairman Dinh La Thang may receive 20 years in prison for his poor management, prosecutors said. A file photo of Trinh Xuan Thanh The Supreme People’s Procuracy on December 26 verified charges against 22 people, most of whom are former executives at the oil giant, for losses racked up at the PetroVietnam Construction Corporation (PVC).Fifty-one-year-old Thanh, former Chairman and CEO of PVC, faces the death penalty for property embezzlement and 20 years in jail for violating…... [read more]
In addition, 13 to 14 years of imprisonment was sought for Thanh on the count of “deliberately violating State regulations on economic management, causing severe consequences”. The combined penalty for both charges is life imprisonment.A sentence of 8- to 9-year imprisonment was proposed for Vu Duc Thuan (former Director General of PVC) on the charge of “deliberately violating State regulations on economic management, causing severe consequences” and 18- to 19-year imprisonment for “asset embezzlement”, with the combined prison term for both charges is between 26 and 28 years in prison.For the 12 defendants charged with “deliberately violating State regulations on…... [read more]
