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The Supreme People’s Prosecutor’s Office (VKSNDTC) has completed the additional indictment of the content of the case that happened in the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), and at the same time transferred the file to the People’s Court of the city of Hanoi studies and rules according to its competence.
The two former BIDV Deputy Directors General: Mr. Tran Luc Lang (left) and Doan Anh Sang
This is the case of “Violation of regulations on banking, other activities related to banking” and “abuse of credit to appropriate property” occurred at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Binh Ha Livestock Joint Stock Company (Binh Ha Company) and Trung Dung Trade and Tourism Company Limited (Trung Dung Company).
Previously, on July 16, the Hanoi People’s Court issued a decision to return the file to further investigate some of the content of this case.
Consequently, VKSND prosecuted 12 defendants, including: Mr. Tran Luc Lang, former BIDV deputy director general in charge of risk management, member of the Credit and Investment Risk Management Division; Doan Anh Sang, former BIDV Deputy Director General in charge of Corporate Clients, member of the Credit and Investment Risk Management Division; Kieu Dinh Hoa, former director of the BIDV Ha Tinh branch; Ngo Duy Chinh, former director of the BIDV Ha Thanh branch; and Nguyen Xuan Giap, Former Deputy Director of BIDV, Ha Thanh Branch …
According to the accusation, in the period from 2011 to 2016, taking advantage of the assigned responsibilities, Mr. Tran Bac Ha (former president of the Board of Directors of BIDV) instructed the subordinates of BIDV and BIDV – Ha Tinh branch The Ha Thanh branch to Binh Ha Company, which is a “backyard” company of Tran Bac Ha and Trung Dung Company, illegally borrowed, generating a particularly large amount of money for BIDV of VND 1.664 billion.
Binh Ha Company is a recently created company, it has not had any derivative economic activity, it belongs to a company that is not eligible for credit qualification according to BIDV standards; capital stock and guarantees are not eligible for credit extension under the IDB credit policy; The legal documents of the project are incomplete, the business plan and the debt payment plan have not been fully evaluated when the project is ineffective. Despite having evaluated and valued the project, there are 8 risk factors that can affect the effectiveness of the project, but under the direction of Tran Bac Ha, BIDV has evaluated, proposed and approved for the Company. Binh Ha borrowed money. During the disbursement process, the BIDV did not control the cash flow obtained after the business, it allowed the shareholders of Binh Ha Company to use the loan for improper purposes, through contractors who appropriated and appropriated the disbursement of BIDV. Binh Ha Company’s total outstanding balance in unrecoverable BIDV is more than 799 billion dong.
For Trung Dung Company, while evaluating and evaluating the financial situation of Trung Dung Company facing difficulties, financial indicators reflect unsecured solvency, the relationship between collateral and value. The proposed credit limit did not comply with BIDV’s credit policy … but in August 2011, the defendants: Ngo Duy Chinh, Nguyen Xuan Giap and the other defendants still requested the credit limit. short-term use 700 billion for Trung Dung Company. VKSNDTC determined that the defendant’s violation of banking regulations by making loans to Trung Dung Company caused damage to BIDV 865 billion VND.
In this case, Mr. Tran Bac Ha is identified as the mastermind and leader. However, in July 2019, Mr. Tran Bac Ha died in a detention center due to a fatal illness, for which the police agency suspended the accused against Mr. Tran Bac Ha.
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