Defendants at the trial (Source: VNA)Hanoi (VNA) – The Hanoi People’s Court on April 27 began a first-instance trial of acase on violations of accounting regulations at the Ocean Commercial JointStock Bank (OceanBank).
This is the thirdcase involving Ha Van Tham, former Chairman of the Board of Directors ofOceanBank.
Among eight defendants on trial, seven are from the OceanBank, including Tham and Le Thi Thu Thuy, former Deputy General Director of OceanBank.The eighth one was former Chief Accountant of Ocean Group Joint Stock CompanyHoang Van Tuyen. They are charged with “breaching accounting regulationscausing serious consequences” under Clause 3, Article 221 of the 2015 PenalCode.
Tham and Thuy arealready serving their sentences of the previous trial.
The indictment ofthe Supreme People’s Procuracy at the trial said from 2010 to 2014, at theinstruction of Tham, the OceanBank paid more than 1,576 billion VND (67.23million USD at current exchange rate) in extra interest rates which were notstated in contracts, to customers depositing money in the bank (the first caseinvolving Tham). To compensate for the money, Tham instructed Thuy tocoordinate with other sections to make fake contracts with partners in andoutside the Ocean Group, resulting in losses worth more than 106 billion VND toOceanBank.
Tham was said tobe the key in the case, while Thuy was a main accomplice.
The trial isscheduled to last three days./.
VNA
