Huynh Thi Huyen Nhu and Vo Anh Tuan at the court. (Source: VNA) HCM City (VNA) – The Ho Chi Minh CityPeople’s Procuracy on February 9 proposed life imprisonment for Huynh Thi HuyenNhu, former deputy chief of the Risk Management Section of VietinBank’s HCMCity branch, for “swindling to appropriate assets.”A jail sentence of 12-14 years was proposed forNhu’s accomplice Vo Anh Tuan, former deputy director of Vietinbank’s Nha Bebranch. Together with his previous sentence, Tuan is expected to serve 30 yearson prison. According to the verdict, whilebeing acting head of Dien Bien Phu transaction office of Vietinbank’s HCM Citybranch from May to September 2011, Nhu met with intermediaries andrepresentatives of Orient Securities Corporation, Hung Yen Investment JSC,SaigonBank Berjaya Securities Company, Global Insurance Corporation, and An LocCompany to persuade them to deposit money in Vietinbank’s branches in Nha Beand Ho Chi Minh. She promised them interest rates higher than the ceiling rate,along with commission for the intermediaries, which were in violation of law.Nhu paid the extra interest and commission out of her own pocket.After the companies depositedtheir money in their accounts in Vietinbank, Nhu faked the signatures ofaccount holders and made use of her power to withdraw money from the companies’accounts to pay her personal debts. The total amount of money that Nhumisappropriated came to 1.085 trillion VND (43.8 million USD).Vo Anh Tuan accompanied Nhu whenshe travelled to Hanoi to meet with representatives from Hung Yen InvestmentJSC. He knew of Nhu’s deceptive acts but did not tell. Tuan also got 10 billionVND… [Read full story]
37-year-old Le Hoang Minh, former director of Tan Gia Hao Joint Stock Company in Ho Chi Minh City, has been sentenced to life imprisonment for swindling a businessman of US$1 million. The HCMC People’s Court opened a trial for Minh yesterday, who was arrested in 2009, on charges of “swindling to appropriate assets”. According to the indictment, in 2007, Tan Gia Hao, a trade, services, and import-export consultancy company, applied to the HCMC People’s Committee to develop a mixed-use complex at 289 Tran Hung Dao Street, in District 1. Minh later called for investors to engage themselves in the project…... [read more]
Ho Chi Minh City prosecutors on January 13 demanded life imprisonment for Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), at her trial that started on January 6. Nhu, who was born in 1978 in the Mekong Delta province of Tien Giang, has been charged with "swindling to appropriate assets" and "counterfeiting seals and materials of agencies and organisations". Life imprisonment was also recommended for Vo Anh Tuan, former Deputy Director of Vietinbank's Nha Be branch, born in 1972 in the northern province of…... [read more]
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…... [read more]
Trinh Xuan Thanh, a former official of state-run oil and gas group PetroVietnam (PVN), has been sentenced to life in prison for the second time for embezzlement. The Hanoi People’s Court on Monday announced their final decision regarding the sentencing of Thanh, ex-chairman of PetroVietnam Construction Corporation (PVC), a subsidiary of PVN, and his seven accomplices. Thanh was sentenced to life imprisonment for embezzling VND14 billion (US$616,502) at the PetroVietnam Power Land Joint-Stock Company (PVP Land). The other seven suspects were slapped with jail terms between six and 16 years. According to the case file, the violation was committed during the transfer…... [read more]
A HCM City People's Court on January 27 sentenced Huynh Thi Huyen Nhu, a former VietinBank worker, to life imprisonment charged with embezzling VND4 trillion and falsifying documents. However, she became insolvent in 2010 due to the falling property market. Nhu took advantage of her position as the acting head of a VietinBank branch unit in HCM City to mobilise and embezzle VND4 trillion from three banks, nine companies and three individuals. Nhu was sentenced to another six years in prison for falsifying nearly 200 documents, including 110 false contracts between VietinBank's Nha Be branch in HCM City and enterprises.…... [read more]
