Last update: 23:34 | 01/09/2017
The Investigation Police Agency under the Ministry of Public Security on September 1 issued a decision launching criminal proceedings against the suspected deliberately violation of State regulations causing serious consequences at the Vietnam National Oil and Gas Group (PetroVietnam).
Ha Van Tham – former Chairman of the Board of Directors of Ocean Bank at the court
The agency also prosecuted and arrested five suspects in the case as part of the expanded investigation of the case involving Ha Van Tham – former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (Ocean Bank) and his accomplices.
The arrested suspects include Ninh Van Quynh, incumbent deputy director general of PetroVietnam. The other four are Nguyen Xuan Son, former Chairman of PetroVietnam’s Member Council and Nguyen Xuan Thang, Nguyen Thanh Liem, and Vu Khanh Tuong, who are all ex-members of PetroVietnam’s Member Council.
They were prosecuted for deliberately violating State regulations on economic management causing severe consequences under Article 165 of the Penal Code.
During the investigation process, the police found that the suspects deliberately violating regulations causing economic losses amounting to 800 billion VND (35.2 million USD) to PetroVietnam during the process of the group investing in the Ocean Bank.
The Hanoi People’s Court is holding a trial of the serious economic crime at Ocean Bank.
According to the indictment, Nguyen Xuan Son, who represented PetroVietnam’s stake at Ocean Bank, had abused his position to organise and instruct illegal activities to appropriate 246 billion VND (over 10.8 million USD).