The accused at the trial. (Photo: VNA)Hanoi (VNA) - The Hanoi People’s Court on December 6 opened proceedings inthe case of ex-deputy director of the city’s Department of Agriculture andRural Development, Pham Minh Nguyet, and five others accused of violations ineconomic management.
Nguyet and Nguyen Thi Huyen Hao, former chief accountant ofthe Hanoi Investment and Development Ltd Company (HADICO); Do Van Hao, ex-generaldirector of HADICO; Dang Thi Thanh Tam, former director of the Tu Liem Tourismand Fruit Enterprise; Duong Thi Chinh, former accountant of the Tu Liem Tourismand Fruit Enterprise; and Nguyen Trong Hung, former director of the Bac Haenterprise under the HADICO, were accused of property embezzlement, abusingtheir position while performing their duties and deliberately violating Staterules in economic management resulting in losses of more than 40 billion VND (1.8million USD).
Among the six accused, Nguyet and Huyen Hao may face thehighest penalties including the death sentences if found guilty of propertyembezzlement and abusing their position, while the four others were charged forwrongdoings during performing their duties including abusing their position andfinancial management.
The hearing is scheduled to take place from December 6-8. Ninelawyers are defending the accused.
According to the indictment, from late 2009 to 2014, Nguyetordered Huyen Hao and other subordinate officials under his power includingdirectors of member enterprises to set up false documents to withdraw moneyfrom HADICO’s production and market stablising funds. The money was supposedlydelivered to him.
The total amount of money withdrawn from the company totransfer to Nguyet exceeded 40 billion VND by 2014.
To hide the fraud, Nguyet allegedly instructed hissubordinates to sign a bank loan contract worth 19 billion VND so he could paythe money back to the HADICO and then used his own money to refund nearly 26billion VND to the company.
The procuracy accused Nguyet of embezzling nearly 15 billionVND from HADICO, which his family has completely compensated.
HADICO still lost more than 1.8 billion VND, mostly interestarising from the bank’s 19 billion VND loans, according to the indictment.-VNA
VNA
