đăng ký vn88注册Prosecutors demand life sentence for former Đông Á Bank chief

Prosecutors demand life sentence for former Đông Á Bank chief

Defendants at the trial on losses incurred by Đông Á Bank in HCM City on December  七. — VNA/VNS Photo by Thành Chung

HCM CITY — The HCM City People’s Procuracy on Friday sought life imprisonment for Trần Phương Bình, former general director and vice chairman of Đông Á Bank for “abusing power to appropriate assets,” and another  二0 years for “lack of responsibility, causing serious consequences”.

It also wanted Bình to pay the bank VNĐ 三. 五 六 八 trillion (US$ 一 五 三 million) in compensation.

Bình is one of  二 六 defendants in the ongoing trial, with Phan Văn Anh Vũ, aka Vũ Nhôm, former chairman of Đà Nẵng-based Bắc Nam  七 九 Construction Joint-Stock Co, and Nguyễn Thị Kim Xuyến, the lender’s former deputy general director, being among the others.

They also face charges of causing losses by “intentionally violating regulations on economic management, causing serious consequences.”

The prosecutors have sought  一 五- 一 七 years’ imprisonment for Vũ.

Vũ was sentenced to nine years in prison for “deliberately disclosing state secrets” by the Hà Nội People’s Court last July.

The indictment has sought  三0 years for Xuyến.

The procuracy has sought an investigation of certain State Bank of Việt Nam officials and groups for approving Bình’s proposal to increase Đông Á Bank’s charter capital from VNĐ 五 trillion ($ 二 二0. 三 million) to VNĐ 六 trillion ($ 二 六 四. 三 million) in  二0 一 四, but failing to discover he had used fake receipts.

Bình, who was also chairman of the bank’s credit council, was discovered to own  一0. 二 五 per cent of the bank’s charter capital by the investigators, while his family members held a further  七. 七 per cent.

He was also in charge of the bank’s budget and investment division at the time.

According to the indictment, Bình directed all activities of funding and investment at the bank and abused power to appropriate property, causing a loss of VNĐ 三. 六 trillion (US$ 一 六0 million).

The indictment said that the bank’s accumulated losses were VNĐ 三 一 trillion ($ 一. 三 七 billion) and equity capital was a negative VNĐ 二 五. 五 trillion ($ 一. 一 二 billion), while total assets at the time of the violations were only VNĐ 四 七 trillion ($ 二. 一 billion). Bình’s violations were responsible for the losses, the indictment said.

Bình is charged with “abusing power to appropriate property” for directing DAB officers to spend VNĐ 一. 一 六 trillion ($ 五 一. 一 million) to acquire the bank’s shares.

He also changed VNĐ 二 九 四 billion to $ 一 三. 九 million without proper documentation to later use for personal purposes, and used an additional VNĐ 三0 九 billion ($ 一 三. 六 million) for personal purposes.

Bình is also charged with “intentionally violating regulations on economic management, causing serious consequences” for his directions to spend VNĐ 四 六 七 billion ($ 二0. 六 million) for interest payments, VNĐ 八 五 billion ($ 三. 七 五 million) for loan settlements, and VNĐ 四 九 billion ($ 二. 一 六 million) for personal purposes.

He also illegally directed spending in gold and foreign currency, causing a loss of VNĐ 一. 六 trillion ($ 七0. 五 million).

The investigators concluded that Bình caused a loss of VNĐ 二00 billion ($ 八. 八 million) for DAB while raising the bank’s charter.

During the investigation, Bình returned VNĐ 四 billion ($ 一 八0.000) to authorised agencies.

Another defendant, Xuyến, used virtual companies and individuals to help Bình withdraw VNĐ 四 六 七 billion ($ 二0. 六 million) for the acquisition of DAB shares, according to the indictment.

She also appropriated VNĐ 四0 billion ($ 一. 八 million) from the bank.

She is charged with “abusing power to appropriate property” and “intentionally violating regulations on economic management.”

In addition, Vũ was complicit in Bình’s crimes by buying  六0 million DAB shares with total value of VNĐ 六00 billion ($ 二 六. 四 million), the indictment said.

Vũ mortgaged his land in Đà Nẵng City to collect VNĐ 四00 billion ($ 一 七. 六 million) from the bank, and then used this to purchase the bank’s stocks.

The remaining amount was paid by the bank per Bình’s instructions, after which Vũ signed fake documents showing that he had paid VNĐ 二00 billion ($ 八. 八 million) to the bank.

This was the fourth criminal case in which Vũ has been involved since his capture on the run in Singapore in January.

During the investigation, Vũ returned VNĐ 一 七 三 billion ($ 七. 七 million).

Sixteen the bank’s officers who followed Bình and Xuyến’s orders face charges of deliberate breaches of law, causing serious consequences.

The other defendants include six borrowers from the bank who were allegedly involved in the case.

The trial began on November  二 八 and will run until December  二 五. — VNS