Society

Former deputy governor of State Bank prosecuted

Former Deputy Governor of the State Bank of Vietnam Dang Thanh Binh has been prosecuted in relation to an economic crime worth 666 million USD at the Vietnam Construction Joint Stock Commercial Bank.
Former deputy governor of State Bank prosecuted ảnh 1Former Deputy Governor of the State Bank of Vietnam (SBV) Dang Thanh Binh (Photo: VNA)

Hanoi (VNA) – Former Deputy Governor of the StateBank of Vietnam (SBV) Dang Thanh Binh has been prosecuted in relation to aneconomic crime worth 666 million USD at the Vietnam Construction Joint StockCommercial Bank (VNCB).

The investigation department under the Ministry of PublicSecurity said Binh will be investigated on the charge of lack of responsibilitycausing serious consequences relating to the case of Pham Cong Danh, formerChairman of the board of directors of the VNCB.

Based on evident collected while looking into theresponsibility of the SBV’s monitoring team at the VNCB and some SBV units, theinvestigation department on September 8 issued the decision of prosecutionagainst the 63-year-old former official, who will also be banned from leavinghis residence.  

The same day, the Supreme People’s Procuracy of Vietnamapproved the decision.

Following the first trial on the VNCB case, inwhich Danh was sentenced for 30 years in prison, the police initiated anotherinvestigation into the trillion-loans made since 2012 between the VNCB andanother three banks: the Sai Gon Thuong Tin (Sacombank), the Tien Phong(TPBank) and the Vietnam Investment and Development (BIDV).

Police have concluded that the ex-banker causedadditional losses of more than 6 trillion VND (around 266 million USD) in thesecond stage investigation into his case, solidifying the investigation’srecord as the biggest economic probe in Vietnam’s history.

 With theprevious indictment of causing 9 trillion VND of losses to the VNCB, the63-year-old man is now allegedly responsible for a stunning total of 15trillion VND (some 666 million USD) in bank losses.-VNA
VNA
#State Bank of Vietnam#Dang Thanh Binh#Vietnam Construction Joint Stock Commercial Bank#VNCB#SBV#lack of responsibility causing serious consequences#former deputy governor of Vietnam State Bank prosecuted#Pham Cong Danh#Sacombank#TPBank#BIDV#Vietnam#Vietnam News Agency#vietnamplus
Follow VietnamPlus

Related News

Former shareholder of Dai Tin bank faces criminal proceeding

Former shareholder of Dai Tin bank faces criminal proceeding

The police department for combating corruption and economic crime started criminal proceeding against Hua Thi Phan, a former shareholder of the Dai Tin bank, now the Vietnam Construction Bank (VNCB), and searched her house and office on March 24.
Former OceanBank executives stand trial in Hanoi

Former OceanBank executives stand trial in Hanoi

The People’s Court of Hanoi on August 28 opened the first instance hearing for former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank Ha Van Tham and other 50 defendants.

See more

Illustrative image (Photo: VNA)

ASEAN’s goods, culinary culture promoted in Europe

The ASEAN Committee in Prague (ACP) launched an "ASEAN Food Corner" on October 22, aiming to promote the culinary culture and introduce goods from ASEAN countries to consumers in the Czech Republic and Europe at large.

If the plan is approved, public employees will enjoy a continuous 9-day Tet break from January 25 to February 2 next year. (Photo: VNA)

2025 Lunar New Year holiday plan submitted to PM

The Ministry of Labour – Invalids and Social Affairs on October 22 submitted a proposal to the Prime Minister regarding the schedule for the 2025 Lunar New Year (Tet) – Vietnam’s largest traditional celebration – and other national holidays.

Illustrative image (Photo: VNA)

Kien Giang continues to take firm stand against IUU fishing

The Standing Board of the Party Committee of southern Kien Giang province has called for strengthening the Party's leadership in the fight against illegal, unreported and unregulated (IUU) fishing, part of a broader national effort to have the “yellow card” warning lifted by the European Commission (EC).

Yen Bai city in the northern province of Yen Bai is severely affected by Typhoon Yagi. (Photo: VNA)

Vietnam receives EU’s humanitarian aid for Typhoon Yagi victims

The Vietnam Red Cross Society (VNRC) Central Committee has received humanitarian response and early recovery support from the European Union and its member states through the International Federation of Red Cross and Red Crescent Societies (IFRC)' Emergency Appeal to assist the Vietnamese people affected by Typhoon Yagi and its subsequent floodings.

Conscripted Vietnamese workers honoured with ceremony in France (Photo: VNA)

Conscripted Vietnamese workers honoured with ceremony in France

A solemn ceremony was held on October 20 in the southern city of Arles, Bouches-du-Rhône prefecture of France, to mark the 10th anniversary of the memorial dedicated to Indochinese workers who came to work in the Camargue region during World War II.

At the signing ceremony of a cooperation agreement between Bac Lieu and Uiseong county, Gyeongsangbuk-do province on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period. (Photo: VNA)

Bac Lieu, Korean locality sign labour cooperation agreement

The Mekong Delta province of Bac Lieu on October 21 signed a cooperation agreement with Uiseong county, Gyeongsangbuk-do province of the Republic of Korea (RoK) on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period.

(Photo: VNA)

Tien Giang strives to reduce poverty rate to 0.87% this year

The Vietnam Fatherland Front (VFF) Committees at all levels in the southern province of Tien Giang have collaborated with agencies and organisations to speed up social security programmes, aiming to reduce the province's poverty rate to 0.87% this year, said Vice President of the provincial VFF Committee Huynh Van Hai.

The Chinese sailor is rushed to FV (Franco-Vietnamese) Hospital in Ho Chi Minh City for treatment as soon as he is brought to the shore. (Photo: VNA)

Chinese sick sailor on vessel AMIS STAR provided with first aid

A ship from the Vietnam Maritime Search and Rescue Coordination Centre (VMRCC) on October 20 provided first aid to critically-ill Chinese sailor on a Liberia-flagged vessel off the coast of the southern province of Ba Ria-Vung Tau before bringing him to the shore for further treatment.

At the meeting between Deputy Minister of Home Affairs Vu Chien Thang and UN Deputy High Commissioner for Human Rights Nada Al-Nashif. (Photo: VNA)

Vietnam respects right to freedom of belief, religion: official

Deputy Minister of Home Affairs Vu Chien Thang highlighted Vietnam’s consistent policy of respecting and protecting the right to freedom of belief and religion for all people, while meeting with UN Deputy High Commissioner for Human Rights Nada Al-Nashif in his recent trip to Switzerland.