Trial to begin on case of abusing power at PVEP on May 6
The Hanoi People’s Court will open a trial of the case of abusing position and power to appropriate assets at the PetroVietnam Exploration Production Corporation (PVEP) on May 6.
Former Director General of PVEP Do Van Khanh is one of the three defendants to be brought to trial on May 6 (Photo: hanoimoi.com.vn)
Hanoi (VNA) – The Hanoi People’s Court will open atrial of the case of abusing position and power to appropriate assets at thePetroVietnam Exploration Product✨ion Corporation (PVEP) on May 6.
This is the fourth of a series of cases in connection withthe payment of extra interests at the OceanBank that involved Ha Van Tham, formerChairman of the Board of Directors of OceanBank.
Three defendants in the case areDo Van Khanh, former Director General of the PVEP, Nguyen Tuan Hung, formerhead of PVEP’s Financial Department, and Vu Thi Ngoc Lan, former DeputyDirector General of PVEP. They are charged with abusing position and power toappropriate property under Article 355 of the 2015 Penal Code.
According to the indictment, thePVEP engaged in transactions on deposits of fixed and non-fixed terms atOceanBank during 2009-2014 under the direction of the Vietnam National Oil andGas Group (PetroVietnam) on prioritising financial services of OceanBank, towhich PetroVietnam contributed 20 percent of the charter capital.
As the then Director General of PVEP, Khanhassigned Lan, who was then Deputy Director General in charge of finance,accounting and auditing, to approve and sign the deposit contracts withOceanBank. Meanwhile, Hung was the person drafting and submitting the contractsto Lan for approval.
At the instruction of Ha Van Tham, then Chairmanof the Board of Directors of OceanBank, on paying extra interest which was notstated in contracts to all clients who deposited money in the bank, then DeputyDirector General of OceanBank Nguyen Thi Minh Phuong and some other executivesof the bank paid more than 51.8 billion VND (2.23 million USD) in extrainterest to Hung.
Meanwhile, Khanh received more than 4 billionVND from Hung, and Lan received 200 million VND from Phuong.
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.
Four former executives of Binh Son Refining and Petrochemical JSC (BSR) on January 22 were sentenced to four to eight years in prison for charges of “abusing position and power to appropriate assets”, following a two-day trial.
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”.
Four former leaders of the State-run Vietnam Shipbuilding Industry Group (Vinashin), now the Shipbuilding Industry Corporation (SBIC), have been charged with “abusing position and power to appropriate assets”.
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Former Director General of PVEP Do Van Khanh is one of the three defendants to be brought to trial on May 6 (Photo: hanoimoi.com.vn) 
