A Hanoi court sentenced two former officials from the Bank for Investment and Development of Vietnam (BIDV) for accepting VND5 billion (US$240,000) in bribes, VnExpress reported Tuesday.
Doan Tien Dung, 56, former Deputy General Director of BIDV, received 15-years for "abuse of power."
A court had found Dung guilty of accepting VND1 billion ($48,000) from Hoang Van Khanh, director of the Hai Phong Weaving and Sewing Company and V.K. Company, in February, 2010.
Prosecutors said Dung had ordered his subordinate, 39-year-old Tran Thi Thanh Binh (the former Vice Director of a BIDV branch in the northern province of Hai Phong) to accept another VND4 billion ($192,000) from Khanh.
Binh was convicted of the same crime but only received the jail term of six years, the news website reported.
Prosecutors said that, prior to being promoted to the bank's Deputy General Director in September 2008, Dung approved a nearly VND45 billion ($2.16 million) loan for Khanh's companies while heading BIDV Hai Phong.
The loans were based on the company's mortgaged properties, including a container truck depot.
In early 2009, prosecutors say that BIDV Hai Phong allowed Khanh to sell his mortgaged depot to Anpha Hai Phong Oil and Gas Joint-stock Company for VND57 billion ($2.73 million).
At that time, the court found that Dung had asked Khanh for payments in exchange for approving the withdrawal of the sales proceeds.