Society

Trial held for top former Dai Tin Bank leaders

Trial held for former Dai Tin Bank leaders

The Ho Chi Minh City People’s Court on May 2 opened the first trial for Hoang Van Toan, former chairman of the board of directors of Dai Tin (Trust) Bank – predecessor of the Vietnam Construction Bank (VNCB), Tran Son Nam, former general director of the bank and their accomplices.
Trial held for former Dai Tin Bank leaders ảnh 1At the trial for former leaders of Dai Tin (Trust) Bank (Photo: VNA)

HCM City (VNA) – The Ho Chi Minh City People’s Court on May 2 opened thefirst trial for Hoang Van Toan, former chairman of the board of directors of DaiTin (Trust) Bank – predecessor of the Vietnam Construction Bank (VNCB), TranSon Nam, former general director of the bank and their accomplices.

Toan, Nam and other former officials of Dai Tin Bank, including Lam Hong Trinh(former vice general director), Ho Trong Thang (former head of the creditmanagement department), Ngo Duc Tri (former vice general director), Tran ThiHong Phuong (former accounting director), and Pham Thi Quynh Ngan (former headof the legal department), are charged with “violations of regulations onlending in the operation of credit organisations”.

Earlier, in September 2016, the court held a hearing on the Pham Cong Danh,former chairman of the board of the VNCB and his accomplices for causing lossesto the tune of more than 9 trillion VND (400 million USD) for the bank. At thesame time, the court commenced criminal proceedings against the members of DaiTin Bank’s board of directors for violating lending regulations in theoperation of credit institutions.

On the outset of 2017, Toan was arrested and then relevant officials were inturn prosecuted.

Earlier, Dai Tin Bank was called Rach Kien Agriculture Joint Stock Bank. InJune 2010, the bank was allowed to increase its charter capital to 3 trillionVND (132 million USD), 85 percent of which was held by Hua Thi Phan - representativeof Phu My shareholders. Phan was also a senior consultant for the bank. Danhwas the representative of Thien Thanh shareholders, who bought Dai Tin Bankfrom Phu My shareholders and then changed the bank’s name into the VNCB.

According to the indictment, before transferring the management right to Danh,Toan and his staff approved the credits of 650 billion VND (28.9 million USD)for Dai Hoang Phuong company and Thinh Quoc company, owned by Danh.

The loans were used to buy a land lot of over 5,000 square metres near Chi Langstadium in Da Nang city. The lot, which was under the ownership of Danh’sanother company, was used as the collateral for the loans.

The bank incurred a loss of more than 470 billion VND (20.9 million USD)because of the two loans. Danh was responsible for compensating for theeconomic loss, which was announced at the first instance on September 9, 2016and the second instance on January 24, 2017.-VNA
VNA
#Ho Chi Minh City People’s Court#Hoang Van Toan#Dai Tin (Trust) Bank#Vietnam Construction Bank#“violations of regulations on lending in the operation of credit organisations”#Pham Cong Danh#Vietnam News Agency#Vietnamplus
Follow VietnamPlus

Related News

Indictment against former Construction Bank executive announced

Indictment against former Construction Bank executive announced

The Procuracy of Ho Chi Minh City on January 9 announced an indictment against Pham Cong Danh, ex-Chairman of the Vietnam Construction Bank Board of Directors, and his accomplices who were charged with “deliberately violating State regulations on economic management causing severe consequences” at VNCB.
Construction bank case: defendants ask for clemency

Construction bank case: defendants ask for clemency

Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB, present name CB), said before court that all the money involved in the case of “deliberately violating State regulations on economic management causing severe consequences” in VNCB was used to serve the bank’s operation, not personal purposes.
Court requests further investigation into Construction Bank case

Court requests further investigation into Construction Bank case

The Ho Chi Minh City People’s Court on February 7 decided to return the dossier of the case “deliberately violating State regulations on economic management causing severe consequences” at the Vietnam Construction Bank (VNCB, now Construction Bank – CB), and requested further investigation.

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.