Ex-officials of PVOil put into temporary detention
The Ministry of Public Security has officially launched an investigation into the alleged abuse of position and power to appropriate assets at the State-run PetroVietnam Oil Corporation (PVOil) and OceanBank, along with two former PVOil officials.
Nguyen Xuan Son (L) and Vu Trong Hai are two former officials of the PetroVietnam Oil Corporation (Photo: VNA)
Hanoi (VNA) – The Ministry of Public Security hasofficially launched an investigation into the alleged abuse of position andpower to appropriate assets at the State-run PetroVietnam Oil Corporation(PVOil) and OceanBank, along with two former PVOil officials.
This is part of the second phase of the probeinto a case involving Ha Van Tham (born in 1972, former Chairman of the OceanJoint Stock Commercial Bank – OceanBank) and his accomplices, who were foundguilty of giving extra interest which was not stated in contracts to businessesdepositing money at the bank, the ministry said on April 8.
The two PVOil officials taken into custody areNguyen Xuan Son (born in 1959, former General Director of PVOil) and Vu TrongHai (born in 1968, former chief accountant of the firm).
The investigation is underway, and police arealso working to recover the lost assets for the State./.
The High-level People’s Court in Hanoi on May 4 upheld the charges and sentences for three former leaders of the Ocean Commercial Joint Stock Bank (OceanBank) ruled at the first-instance trial for their wrongdoings at the bank.
The High-Level People’s Court in Hanoi on June 26 upheld the charges and sentences against Dinh La Thang and five of his accomplices in the case involving the National Oil and Gas Group (PetroVietnam)’s contribution of 800 billion VND to the Ocean Commercial Joint Stock Bank (OceanBank).
Two former leaders of the Vietnam-Russia oil and gas joint venture Vietsovpetro have been given prison sentences for “abusing position and power to appropriate assets”.
Former Chairman of the Council of Members of the State-run Vietnam Shipbuilding Industry Group (Vinashin) Nguyen Ngoc Su was sentenced to 13 years in prison for the charge of “abusing position and power to appropriate assets” at a first-instance trial in Hanoi on June 12.
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Nguyen Xuan Son (L) and Vu Trong Hai are two former officials of the PetroVietnam Oil Corporation (Photo: VNA) 
