Huynh Thi Huyen Nhu is escorted to the court (Source: VNA) HCM City (VNA) – The People’s Courtof Ho Chi Minh City opened the first instance trial on February 8 for twoformer employees of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank)for swindling over 1.085 trillion VND (43.8 million USD) from five companies.
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The two defendants are Huynh Thi Huyen Nhu (former deputy chief of theRisk Management Section of the HCM City branch of VietinBank), and Vo Anh Tuan(former deputy director of Vietinbank's Nha Be branch).
The involved companies are the Orient Securities Corporation, Hung YenInvestment JSC, SaigonBank Berjaya Securities Company, Global InsuranceCorporation, and An Loc Company.
On January 7, 2015, the appeal court on the caseof Nhu and accomplices requested the People’s Supreme Procuracy toreinvestigate into whether Nhu’s behaviour constituted the crime of “embezzlementof property” or “swindling to appropriate assets”, as well as Tuan’s role inthe case.
After two years of reinvestigation, the People’sSupreme Procuracy upheld its prosecution of Nhu for “swindling to appropriateassets”.
In addition, during the reinvestigation, thePeople’s Supreme Procurary prosecuted 10 more former managerial and staffmembers at Nam Viet Commercial Joint Stock Bank (NaviBank) on the charge of“deliberately violating State regulations on economic management causing severeconsequences”.
However, the People’s Court of Ho Chi Minh City proposed a separate trialfor those 10 suspects.
The court today summoned Nguyen Van Se, formerdirector of VietinBank’s HCM City branch, and Truong Minh Hoang and Nguyen ThiMinh Huong, two former deputy directors of VietinBank’s HCM City branch aspersons with related interests and obligations. However, only Hoang was presentat the trial.
According to the verdict, while being actinghead of Dien Bien Phu transaction office of Vietinbank’s HCM City branch fromMay to September 2011, Nhu met with intermediaries and representatives of the fiveaforesaid companies to persuade them to deposit money in Vietinbank, promisinginterest rates higher than the ceiling rate in violation of regulations. Shealso promised to pay fees for intermediaries. In fact Nhu used her own money topay for the extra payment.
After the companies deposited their money in Vietinbank, Nhu faked thesignatures of account holders and made use of her power to use the money fromthe companies’ accounts to pay her personal debts. The total amount of money thatNhu misappropriated came to 1.085 trillion VND.
Vo Anh Tuan accompanied Nhu when she travelled to Hanoi to meet withrepresentatives from Hung Yen Investment JSC. He knew of Nhu’s deceptive actsbut did not tell. Tuan also got 10 billion VND in the transaction.
The first instance trial will run until February12.-VNA
VNA
