The Investigation Police Agency under the Ministry of Public Security said on Thursday it has started criminal proceedings against 10 defendants, including former General Director of the Dong A Bank (DAB) Tran Phương Binh and former DAB Deputy General Director Nguyen Thi Ngoc Van.
|Former General Director of the Dong A Bank (DAB) Tran Phuong Binh.-VNA/VNS Photo
Binh and Van, together with eight other defendants, are being prosecuted for violating regulations on banking activities and other activities related to banking operations under Article 206 of the Criminal Code 2015.
These are the results of the second phase of the investigation into wrongdoings at the bank.
After receiving the approval from the People’s Supreme Procuracy, on Tuesday, the agency implemented prosecution decisions and search warrants against the 10 defendants.
They are also prohibited from leaving their residences. Earlier, Bình was sentenced to life in prison by the HCM City People’s Court on December 20 in the trial of 26 defendants who were involved in the loss of over VND3.6 trillion (US$153.47 million) at the bank.
The judging council concluded that as General Director, Vice Chairman of the Board of Directors, and Chairman of the credit council of the Dong A Bank (DAB), Bình initiated the idea and directly instructed his subordinates to arrange for staff members and their relatives to conduct illegal activities, causing losses of nearly VND3.6 trillion to the DAB.
Bình himself pocketed more than VND2 trillion and instructed his subordinates to disburse more than VND1.56 trillion violating of rules.
The judges gave him 20 years in prison for “deliberately violating the State’s regulations on economic management, causing serious consequences” and life in prison for “abusing position and power to appropriate assets”, resulting in a combined punishment of life imprisonment.
An active accomplice of Tran Phuong Binh, former Deputy General Director of DAB Tran Thi Kim Xuyen caused losses of nearly VND1.1 trillion and appropriated VND 40 billion for personal use. She was given 30 years in prison on two charges of “deliberately violating the State’s regulations on economic management, causing serious consequences” and “abusing position and power to appropriate assets”.
Phan Van Anh Vu (alias Vu “nhom”), who was Chairman of the Board of Directors of the Bac Nam 79 Construction JSC, was also an accomplice of Binh in appropriating VND203 billion of the DAB. He was sentenced to 17 years in prison for “abusing position and power to appropriate assets”.
In combination with an eight-year sentence for him for “deliberately disclosing state secrets” in another case, Vu will have to serve 25 years in prison.
Other defendants were given imprisonment terms ranging from 2-years suspended sentence to 16 years. The defendants were also order to pay compensations to the DAB.