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30-year imprisonment sentence proposed for Pham Cong Danh

The People’s Procuracy of Ho Chi Minh City proposed a 30-year imprisonment sentence to ex-Chairman of the Vietnam Construction Bank (VNCB) Board of Directors Pham Cong Danh during a trial on Jan. 22
30-year imprisonment sentence proposed for Pham Cong Danh ảnh 1Pham Cong Danh in court (Source: VNA)
HCM City (VNA) - The People’s Procuracy of Ho Chi Minh City proposed a30-year imprisonment sentence to ex-Chairman of the Vietnam Construction Bank(VNCB) Board of Directors Pham Cong Danh during a second-phase trial in Ho ChiMinh City on January 22. 

Danh, whowas also Chairman of the Board of Members and General Director of Thien ThanhGroup, and his accomplices were charged with deliberately violating Stateregulations on economic management causing severe consequences in the VNCB.

The samesentence was also proposed for former VNCB General Director Phan Thanh Mai andformer Director of the VNCB’s Saigon branch Mai Huu Khuong.

Otherdefendants will face a two-year suspended sentence to 23 years in prison.

Theprocuracy suggested a jail sentence of 5-6 years to Tram Be, former ViceChairman of the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) and removingan asset declaration order on land use certificate for No.591 An Duong Vuong,Binh Tan district, Ho Chi Minh City, for him.

It alsoproposed that the jury should force Danh and Thien Thanh Group to return 6.126trillion VND (272.2 million USD) to the Bank for Investment and Development ofVietnam (BIDV), Tien Phong (TPBank) and Sacombank.

FormerGeneral Director of Loc Viet Fund Management Jsc Nguyen Viet Ha was also askedto pay back 69 billion VND in illegal gains to the State budget.

Theprocuracy also suggested that the investigation agencies of the Ministry ofPublic Security and the Supreme People’s Procuracy continue to investigatefurther into violations committed by leaders of the VNCB, BIDV, Sacombank andTPBank.-VNA
VNA
#People’s Procuracy of Ho Chi Minh City#Vietnam Construction Bank#Vietnamplus#Vietnam News Agency#Pham Cong Danh#Tram Be#jail sentence#imprisonment sentence
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