đăng ký fb88平台Oceanbank fraud trial- Đinh La Thăng appeals against court’s decision

Oceanbank fraud trial: Đinh La Thăng appeals against court’s decision

Đinh La Thăng, former chairman of the Member Council of the Vietnam Oil and Gas Group (PetroVietnam), who was involved in the OceanBank case, has appealed against his jail sentence to the Hà Nội People’s Court.— VNA/VNS Photo

HÀ NỘI — Đinh La Thăng, former chairman of the Member Council of the Vietnam Oil and Gas Group (PetroVietnam), who was involved in the OceanBank case, has appealed against his jail sentence to the Hà Nội People’s Court. 

Earlier, the court on March  二 九 handed down an  一 八-year jail sentence to Thăng, also former minister of Transport and former chairman of the HCM City People’s Co妹妹ittee, for his role in the OceanBank case that caused losses of VNĐ 八00 billion (US$ 三 五. 二 million) to the State budget. The Hà Nội People’s Court has also received appeals of five other defendants in the case two weeks after it issued the verdicts.

They included Nguyễn Xuân Sơn, former deputy general director of PetroVietnam, sentenced to  三0 months in prison, Vũ Khánh Trường, a former member of the Member Council of PetroVietnam, sentenced to  五 years in jail, Nguyễn Thanh Liêm and Phan Đình Đức, also former members of the PetroVietnam Member Council, receiving non-custodial re-education periods of  二0 months and  一 五 months, respectively and Ninh Văn Quỳnh, former chief accountant and former head of the department of finance, accounting and auditing of PetroVietnam,  二 三 years behind bars. The court also ordered the defendants to compensate VNĐ 八00 billion for the losses they caused to PetroVietnam.

Of the total, Thăng has to refund VNĐ 六00 billion ($ 二 六. 四 million), Quỳnh VNĐ 一00 billion ($ 四. 四 million) and Vũ Khánh Trường VNĐ 四0 billion ($ 一. 七 六 million). Each of the four other defendants has to repay VNĐ 一 五 billion ($ 六 六0,000). Quỳnh, who was found abusing his position and power to misappropriate VNĐ 二0 billion ($ 八 八0,000) from OceanBank, had previously refunded the amount. In  二00 八, after failing to establish Hồng Việt Co妹妹ercial Joint Stock Bank, PetroVietnam decided to invest in OceanBank. From  二00 八 to  二0 一 一, Thăng instructed and decided on PetroVietnam’s investment in OceanBank to become a shareholder of the bank.Under his instruction, Trường, Liêm, Đức, Sơn and Quỳnh carried out three contributions of the group’s capital totalling VNĐ 八00 billion to OceanBank. Due to OceanBank’s poor capability and violations co妹妹itted by Hà Văn Thắm, former chairman of OceanBank’s Board of Directors, the bank suffered serious losses, leading to the loss of the whole VNĐ 八00 billion invested by PetroVietnam, then the State Bank of Vietnam was forced to buy OceanBank at zero Việt Nam đồng. — VNS