OceanBank case sent back for further investigation
Đăng bởi viexpress.org
The panel of judges said the decision to hand back the case after an eight-day hearing was taken to clarify some of the defendant’s statements and to carry out further investigation into some aspects of the case.
For instance, the bank’s former director general Nguyen Xuan Son has been charged with intentionally acting against State regulations on economic management, causing serious consequences. However, the judges said this was incorrect and ordered further investigations to make appropriate charges in line with the nation’s laws.
According to the judges, Son, who was the bank’s director general and representative of the capital contributed to the bank by the Vietnam Oil and Gas Group (PVN), had worked with Tham to decide to illegally pay interest rates outside deposit contracts to customers. Although Son was moved to work as leader of PVN from May 11, 2011, he still directed former director general of the bank Nguyen Minh Thu to continue paying the extra interest.
Regarding the loss of VND800 billion of PVN, the judges said it was necessary to make clear the responsibility of Son and related people in investing, contributing capital, managing and using this money.
The judges also said some documents in the files presented at the court did not match the statements of 34 defendants, former directors of the bank’s branches or transaction offices, about the payment of interest above deposit contracts for customers. Therefore, more investigation was needed to have an adequate legal basis to charge the defendants.
According to the prosecution, the OceanBank staff committed extremely serious violations in lending, mobilising deposits, and paying customers higher interest rates than the ceiling regulated by the central bank, causing heavy losses for the bank and its shareholders, and hindering the implementation of State monetary policy.
The indictment also stated that while holding the highest position at OceanBank, Tham personally directed the OceanBank Board of Directors to approve a loan to Pham Cong Danh, former Managing Board Chairman of the Construction Bank.
The loan was approved without meeting loan conditions and without collateral assets, causing losses of nearly VND500 billion.
Other defendants in the case include former director general Nguyen Xuan Son and Nguyen Minh Thu, former deputy director general Nguyen Van Hoan and Le Thi Thu Thuy, and former directors of Ocean Bank branches and transaction offices.
Tham, 43, was arrested in October 2014.
Under Tham’s direction, OceanBank’s bad debts climbed to nearly VND15 trillion (US$666 million), with pre-tax losses reaching more than VND10 trillion as of March 2014.
The OceanBank case is one of the six biggest economic crimes that the Central Anti-Corruption Steering Committee was asked to bring to trial by the first quarter of 2017.
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