Vinalines boss suspended as $400,000 graft case widens

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Deputy general director of the state shipping giant Vinalines has been suspended while he clarifies his role in a US$400,000 embezzlement case perpetrated at a subsidiary.
Vu Khac Tu will be suspended for 15 days to clarify his role in the crime, which occurred during his tenure as general director, Nguoi Lao Dong newspaper reported Wednesday.
Dinh Ngoc Uyen, the suspended deputy general director of the Quang Ninh Port Company, was arrested in the namesake province, along with a cashier and a chief accountant, on June 6 for misappropriating the funds by submitting forged invoices between late 2011 and the end of 2012.

The suspects have returned most of the money to the police.

Vinalines' deputy general director Vu Khac Tu speaks at a conference to review cooperation between Vinalines' subsidiaries. Photo credit: Nguoi Lao Dong
 
Vinalines has remained in local headlines since the middle of 2012 when its former chairman Duong Chi Dung fled the country during an investigation into a US$17 million graft case.
Dung and other executives were accused of taking kickbacks from a Russian shipyard to buy an old used dock which cost the state $10.5 million to repair.
Earlier last month, the Supreme People’s Court upheld death sentences handed to Dung and the former general director Mai Van Phuc after convicting them of embezzling VND10 billion ($474,000) each in the case.
Eight other defendants from the company received up to 22 years in jail.
Vinalines has had to absorb the debt-laden subsidiaries of former shipbuilder Vinashin and reported $117 million in losses in 2012.

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