2 Vinashin ex officials face more charges while serving time

TN News

Email Print

Two former officials of the state-owned shipbuilding company Vinashin who are serving time for wrongdoings leading to the company's massive losses now face more charges.

A report on Tuoi Tre Saturday said Vietnam's highest office of prosecutors have ratified embezzlement charges against Nguyen Van Tuyen, 50, former director of Hoang Anh Shipbuilding Joint Stock Company Vinashin's subsidiary in the northern province of Nam Dinh.

Meanwhile, Do Dinh Con, 60, former deputy director general of the subsidiary, faces charges of "covering for criminals."

According to the indictment issued by the People's Supreme Procuracy, in December 2006, Tuyen ordered his subordinates to write a check allowing him to withdraw VND4.5 billion (US$212,374) from the subsidiary's bank account.

The check was signed in advance by Con, prosecutors said. After withdrawing money, Tuyen used it for personal spending.

In 2007 Tuyen asked Con to fake documents to balance the withdrawal in the subsidiary's account books.

Earlier, at a trial in the northern city of Hai Phong in March, Tuyen and Con were sentenced to 16 and 10 years in prison respectively for causing losses of at least VND910 billion (US$43.96 million) at Vinashin, which nearly went bankrupt after piling up debts of $4.5 billion in 2010.


In Vietnam, a shipping line raises alarm over debt

They were convicted of "deliberately acting against state regulations on economic management."

Seven other former officials, including former board chairman Pham Thanh Binh, then were also jailed for the same charges.

Like us on Facebook and scroll down to share your comment

More Society News