Hanoi (VNA) – The Police Department forInvestigation of Economic and Corruption-related Crimes on August 1 launched criminalproceedings against and took into custody Tram Be and Phan Huy Khang, formerexecutives of the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank).
Tram Be is the former Vice Chairman of the boardof directors of Sacombank and Chairman of the bank’s credit council. Meanwhile,Phan Huy Khang is an ex-member of the credit council and former GeneralDirector of the bank.
They are investigated for intentionallyviolating the state regulations on economic management and causing seriousconsequences relating to a case which involves Pham Cong Danh, former Chairmanof the board of directors at the Vietnam Construction Joint Stock CommercialBank (VNCB) and former Chairman of the members’ council and General Director ofthe Thien Thanh Group Co. Ltd, and accomplices at Sacombank.
According to initial information, Tram Becolluded with Pham Cong Danh and accomplices in sending money to Sacombank toguarantee and pay off debts for six companies set up by Danh to borrow moneyfrom Sacombank, causing a total loss of over 1.8 trillion VND (79.25 millionUSD) for VNCB.
In April 2013, Danh asked Tram Be to lend himmoney. Be agreed to loan Danh 1.8 trillion VND with VNCB’s deposits atSacombank being the collateral.
Later, Be took Danh to meet Phan Huy Khang tomake loan procedures. Directors of Sacombank’s District 8 and Hung Dao branchesreceived the applications for loans of the six companies of Danh.
On April 26, 2013, 1.8 trillion VND wastransferred to Danh’s account. One day later, he used 1.7 trillion VND to payoff debt to the Bank for Investment and Development of Vietnam (BIDV). Danhkept the remaining money in his personal account.
On February 24, 2017, the State Bank of Vietnamannounced that it had terminated Be’s roles at Sacombank.
The same day, the Police Department for Investigation of Economic andCorruption-related Crimes also commenced criminal proceedings against Pham ThiTrang for her involvement in the case of Pham Cong Danh.-VNA
Tram Be is the former Vice Chairman of the boardof directors of Sacombank and Chairman of the bank’s credit council. Meanwhile,Phan Huy Khang is an ex-member of the credit council and former GeneralDirector of the bank.
They are investigated for intentionallyviolating the state regulations on economic management and causing seriousconsequences relating to a case which involves Pham Cong Danh, former Chairmanof the board of directors at the Vietnam Construction Joint Stock CommercialBank (VNCB) and former Chairman of the members’ council and General Director ofthe Thien Thanh Group Co. Ltd, and accomplices at Sacombank.
According to initial information, Tram Becolluded with Pham Cong Danh and accomplices in sending money to Sacombank toguarantee and pay off debts for six companies set up by Danh to borrow moneyfrom Sacombank, causing a total loss of over 1.8 trillion VND (79.25 millionUSD) for VNCB.
In April 2013, Danh asked Tram Be to lend himmoney. Be agreed to loan Danh 1.8 trillion VND with VNCB’s deposits atSacombank being the collateral.
Later, Be took Danh to meet Phan Huy Khang tomake loan procedures. Directors of Sacombank’s District 8 and Hung Dao branchesreceived the applications for loans of the six companies of Danh.
On April 26, 2013, 1.8 trillion VND wastransferred to Danh’s account. One day later, he used 1.7 trillion VND to payoff debt to the Bank for Investment and Development of Vietnam (BIDV). Danhkept the remaining money in his personal account.
On February 24, 2017, the State Bank of Vietnamannounced that it had terminated Be’s roles at Sacombank.
The same day, the Police Department for Investigation of Economic andCorruption-related Crimes also commenced criminal proceedings against Pham ThiTrang for her involvement in the case of Pham Cong Danh.-VNA
VNA
