Truong Van Tuyen, former general director of Shipping Industry Corporation (Vinashin) has been accused of involvement in the appropriation of VND105 billion ($4.57 million) in under-the-table interests paid by Oceanbank.
|Former leaders of Vinashin Truong Van Tuyen and Pham Thanh Son |
On December 10, the Ministry of Public Security's investigation agency (C03) has initiated legal proceeding against and arrested Truong Van Tuyen, former general director of Vinashin, and Pham Thanh Son, deputy general director, for the charge of "abusing power and position for appropriation of property" (Article 355 of Criminal Code 2015).
According to the investigation agency, Tuyen and Son abused their powers and positions to approve placing a deposit of Vinashin at Oceanbank in opposition of regulations. They are charged with being accomplices to Tran Duc Chinh, former chief accountant of Vinashin, was arrested earlier in the company of Nguyen Ngoc Su, former chairman of the Board of Directors, over charges of appropriating more than VND105 billion ($4.56 million) of under-the-table interests paid by Oceanbank.
Previously, on December 3, the agency prosecuted Ha Van Tham (former chairman of Oceanbank), Le Thi Thu Thuy (former deputy general director), and Vu Thi Thuy Duong (director of the accounting department) for the charge of "offences against regulations of law on accounting that lead to serious consequences" (Article 221).
According to the investigation agency, Oceanbank spent around VND1.5 trillion ($65.2 million) for under-the-table interests during 2010-2014 to leaders of PetroVietnam and its subsidiaries, leading to the loss of the bank's funds and insolvency.
In the first phase of the Oceanbank case, Ha Van Tham was sentenced to life imprisonment, while former general director Nguyen Van Son was sentenced to death.