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]
This morning, the Ho Chi Minh City People's Court opened a hearing for a 36-year-old woman and her 22 accomplices involved in a striking swindle case in which they appropriated nearly VND4 trillion (US$188.7 million) from many individuals and banks. The woman, Huynh Thi Huyen Nhu, former deputy head of the Risk Management Department of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), who was arrested on September 30, 2011, is charged with "swindling to appropriate assets" and "counterfeiting seals and materials of agencies and organizations." Meanwhile, Vo Anh Tuan, 41, an ex-official at Vietinbank, and four…... [read more]
At the ongoing trial for a 36-year-old woman who is a former official at Vietinbank and her 22 accomplices, the prosecutor has proposed that she be given a life sentence and that two other bankers be indicted for irresponsibility. >> Young ex-banker who swindled $188.7 mln faces life>> $188 mln swindle case by bank staff now on trial >> 23 indicted in $188 mln swindling case at Vietinbank The woman, Huynh Thi Huyen Nhu, former deputy head of the Risk Management Department of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), is being tried by the Ho…... [read more]
After eight days of trial, the Ho Chi Minh City People's Court on Wednesday handed down sentences to 14 defendants involved in the US$5.7 mln swindling case at Agribank's Tan Binh Branch. Accordingly, Tran Huynh Nghia, 49, of Ho Chi Minh City, the former director of Cat Phuong Nam Company and former chairman of the Truong Phat Dat Co Ltd, was sentenced to 20 years in jail on charges of "swindling to appropriate assets." Previously, the local prosecutor's office proposed that Nghia be given a heavier sentence of life imprisonment. On the same charges, Huynh Cong Phuc, 44, a former…... [read more]
The former director of a branch of the Vietnam Development Bank (VDB) and 12 other defendants are being tried in a large swindling case that amounted to almost VND2 trillion (US$93 million) and was uncovered six years ago. The ex-banker is facing a capital sentence. Yesterday, the Dak Nong Province People's Court opened a trial for Vo Viet Hung, 57, the former director of VDB's branch in Dak Lak-Dak Nong Provinces, and 12 other defendants involved in a large swindling case that occurred in 2008. Hung has been charged with three offenses, including taking bribes, swindling to appropriate assets, and…... [read more]
The People's Court of the Central Highlands province of Dak Nong has sentenced Vo Viet Hung, 57, the ex-director of Vietnam Development Bank (VDB)'s branch in Dak Lak-Dak Nong Provinces, to death. He was charged with three offenses in a swindling case that occurred in 2008.>> Ex-bank official faces death in $90 mln swindle case >> 14 sentences, including 20-yr one, in bank swindle case Hung received the sentence on Thursday at the trial opened for him and 12 other defendants in a large swindling case that amounted to over VND1.9 trillion (US$93 million). He was charged with taking bribes,…... [read more]
