Hanoi People’s Court has given Trinh Xuan Thanh, former chairman of PetroVietnam Construction JSC a second life sentence for embezzlement at PetroVietnam Power Land JSC. Former chairman of PetroVietnam Construction JSC Trinh Xuan Thanh Thanh was sentenced on February 5 on charges of colluding with seven accomplices to falsely devalue PetroVietnam Power Land JSC (PVP Land) shares to embezzle VND49bn (USD2m). The court gave Dinh Manh Thang, former chairman of a PetroVietnam unit and brother of the former PetroVietnam chairman Dinh La Thang, nine years of imprisonment, 10 years for former Deputy General Director of Vietsan Investment JSC Thai Kieu Huong and freelance trader Huynh Nguyen Quoc Duy, 16 years for former Chairman of PVP Land’s Board of Directors Dao Duy Phong and 13 years for Nguyen Ngoc Sinh, former PVP Land General Director. Former Chairman of the Board of Directors of the May 1st Construction and Services JSC Le Hoa Binh was given eight years of imprisonment. Nguyen Kim Thoa, former chief accountant of the May 1st Construction, was given six years of imprisonment. Binh and Thoa are already serving life sentences on charges of fraudulent appropriation of property at the May 1st Construction and Services JSC so their sentences remain unchanged. Trinh Xuan Thanh was given a life sentence on January 22 for embezzlement and deliberately violating state regulations at PetroVietnam Construction JSC. The court mitigated the punishments for Thanh and his accomplices in PVP Land case since he admitted and showed regret for his wrongdoings and Thang… [Read full story]
The Binh Phuoc Province People's Court has given a life sentence to 30-year-old Le Ba Mai, who was twice sentenced to death for the rape and murder of a teen girl in 2004, but was acquitted seven years later for lack of evidence. After two days of hearing, the court this morning gave Mai two sentences, one of them is the life sentence for murder and the other is the 18-year sentence for raping. Therefore, the combined penalty for Mai is actually the life imprisonment sentence. The court also ordered Mai to pay VND81 million (US$3,900) to the victim's family.…... [read more]
DA NANG (VNS)— The People's Court in central Da Nang City has handed down heavy sentences to three people found guilty of carrying out a series of thefts in the area between 2008-11 worth billions of dong.At the end of the three-day trial on Monday, 31-year-old Dang Ngoc Tan, nicknamed the "super thief," was given a life sentence. His accomplice, 30-year-old Nguyen Huu Phuoc, received a 14-year prison sentence. Phuoc's wife was handed down seven years' imprisonment for receiving stolen goods. The defendants were told to pay back VND13.6 billion (nearly US$654,000) to their victims. — VNS... [read more]
Vietnam’s sweeping corruption crackdown has net another oil executive over misconduct after the arrest of his bettern known brother, an ousted Communist Party official, rocked the country Friday, the latest scandal to hit the national oil and gas giant PetroVietnam. Dinh Manh Thang was arrested on Saturday morning, just hours after the arrest of Dinh La Thang made national headlines. Dinh Mang Thang, 55, was the board chairman of Petro Song Da Trading and Investment JSC, a joint venture between PetroVietnam and Song Da Corporation, a power and construction group. He held the post from May 2006 until last April, when he…... [read more]
Vietnam is all set to try a runaway oil executive whose surrender has rocked the country's political dynamic since August, the latest high-profile trial to take place as Vietnam's sweeping corruption crackdown forges ahead. At a meeting Saturday, the Central Steering Committee for Anti-Corruption, chaired by Communist Party chief Nguyen Phu Trong, urged investigators and prosecutors to ensure the trial of Trinh Xuan Thanh, accused of financial wrongdoings and embezzlement at a subsidiary of state energy giant PetroVietnam, takes place this year or at the latest of the first quarter of 2018. In early August, Thanh “turned himself in” after a 10-month international manhunt.…... [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]
