First instance trial for trillion-dong swindling case

Huynh Thi Huyen Nhu is escorted to the court (Source: VNA) HCM City (VNA) – The People’s Courtof Ho Chi Minh City opened the first instance trial on February 8 for twoformer employees of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank)for swindling over 1.085 trillion VND (43.8 million USD) from five companies.|The two defendants are Huynh Thi Huyen Nhu (former deputy chief of theRisk Management Section of the HCM City branch of VietinBank), and Vo Anh Tuan(former deputy director of Vietinbank’s Nha Be branch). The involved companies are the Orient Securities Corporation, Hung YenInvestment JSC, SaigonBank Berjaya Securities Company, Global InsuranceCorporation, and An Loc Company.On January 7, 2015, the appeal court on the caseof Nhu and accomplices requested the People’s Supreme Procuracy toreinvestigate into whether Nhu’s behaviour constituted the crime of “embezzlementof property” or “swindling to appropriate assets”, as well as Tuan’s role inthe case.After two years of reinvestigation, the People’sSupreme Procuracy upheld its prosecution of Nhu for “swindling to appropriateassets”.In addition, during the reinvestigation, thePeople’s Supreme Procurary prosecuted 10 more former managerial and staffmembers at Nam Viet Commercial Joint Stock Bank (NaviBank) on the charge of“deliberately violating State regulations on economic management causing severeconsequences”.However, the People’s Court of Ho Chi Minh City proposed a separate trialfor those 10 suspects. The court today summoned Nguyen Van Se, formerdirector of VietinBank’s HCM City branch, and Truong Minh Hoang and Nguyen ThiMinh Huong, two former deputy directors of VietinBank’s HCM City branch aspersons with related interests and obligations. However,… [Read full story]


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