Phan Van Anh Vu, 25 others prosecuted for Dong A Bank’s huge loss
The Supreme People’s Procuracy has completed an indictment to prosecute Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company, and 25 others for causing economic losses of up to 3.6 trillion VND (160 million USD) to the Dong A Bank (DAB).
Phan Van Anh Vu at a court on July 30, 2018 (Source: VNA)
Hanoi (VNA) - The Supreme People’s Procuracy hascompleted an indictment to prosecute Phan Van Anh Vu, former chairman of theboard of Bac Nam 79 Construction Joint Stock Company, and 25 others for causingeconomic losses of up to 3.6 trillion VND (160 million USD) to the Dong A Bank(DAB).
Tran Phuong Binh, born in 1959, former general director andvice president of the DAB, and Nguyen Thi Kim Xuyen, the bank’s former deputygeneral director, were charged with “abusing position and power to appropriateassets” and “deliberately violating State regulations on economic management,causing serious consequences”.
Phan Van Anh Vu and Pham Van Phuoc, former director of theNam Dinh Food JSC, were accused of “abusing position and power to appropriateassets”
Nguyen Thi Cuc, former head of the DAB supervision board;Phan Thi To Loan and Nguyen Vinh Son, both member of the board, were prosecutedfor “lacking responsibility to cause serious consequences”.
The remaining 19 prosecuted, including 15 high-level andsenior officers of the DAB and four bank borrowers, were charged with“deliberately violating State regulations on economic management, causingserious consequences.”
According to the Supreme People’s Procuracy, theirwrongdoings led to losses of more than 3.6 trillion VND (160 million USD) tothe DAB, pushing the bank on the verge of bankruptcy in late 2015 withaccumulated losses of more than 31 trillion VND.
Binh, Xuyen, Vu and Phuoc allegedly took more than 2.05trillion VND out of the total.
Binh and Xuyen were also said to be responsible for sixwrongdoings in the bank’s business management that resulted in losses of morethan 1.55 trillion VND.
This was the fourth criminal case involving Phan Van Anh Vusince he was captured on the run in Singapore this January. In July, he wassentenced to nine years behind bars for disclosing State secrets.
Other investigations into tax evasion and his role in dubiouspublic land management are ongoing.-VNA
The Ministry of Public Security has filed an additional charge of “abuse of position and power while on duty” against Phan Van Anh Vu, also known as Vu “Nhom”, who has already faced two counts.
The Investigation Police Department under the Ministry of Public Security on April 18 issued a decision to prosecute Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company, for abusing position and power to misappropriate 200 billion VND (8.7 million USD) from the Dong A Bank (DAB).
The Hanoi People’s Court on July 30 sentenced Phan Van Anh Vu nine years in prison for “deliberately disclosing state secrets” under Article 337 of the 2015 Penal Code.
The Investigation Police Agency under the Ministry of Public Security has begun criminal proceedings against Hoang Huu Chau for “swindling to appropriate assets” in the case relating to Phan Van Anh Vu (also known as Vu Nhom).
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Phan Van Anh Vu at a court on July 30, 2018 (Source: VNA)
