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Defendants Doan Anh Sang, Ngo Duy Chinh, Nguyen Xuan Giap, Pham Hong Quang, Dang Thanh Nam (from left) – Photo: CA provided
This morning, October 26, the Hanoi City People’s Court opened a first instance hearing in the case of “Violation of regulations on banking operations, other activities related to banking activities”, “Fraudulent appropriation of property”, The “Appropriate property credit abuse” occurred at the Bank for Investment and Development of Vietnam (BIDV), Binh Ha Livestock Joint Stock Company, Trung Dung Trading and Service Co., Ltd.
Twelve defendants were brought to trial, 8 of whom were senior executives and employees of BIDV, such as: Tran Luc Lang, former BIDV deputy director general in charge of risk management; Doan Anh Sang, former BIDV deputy general manager in charge of corporate clients; Kieu Dinh Hoa, former director of the BIDV Ha Tinh branch; Le Thi Van Anh, former head of BIDV’s corporate clients department, Ha Tinh branch …
The trial panel of the case is made up of 5 people chaired by Judge Vu Quang Huy; 3 prosecutors under the Hanoi People’s Protection Institute have prosecution and trial rights from the prosecutor. The trial is scheduled to take place in 10 days.
More than 40 lawyers registered to participate in the defense of the accused, who have related obligations.
The trial panel convened many people with related rights and obligations, such as the Ha Tinh Province People’s Committee, the Thai Nguyen Iron and Steel Joint-Stock Company; companies in Binh Ha, Trung Dung …
Take the accused to court – Photo: LIST
In addition, the court also summoned the members of the Board of Directors, the appraisal team … of BIDV Bank. In this case, the victim is identified as a BIDV bank.
Mr. Tran Bac Ha (former Chairman of the Board of Directors of BIDV) is determined to play a leadership role in the case. However, during his detention, Mr. Ha died due to a medical condition, so the investigating agency suspended the accused against Mr. Ha.
According to the indictment, in the period 2011-2016, taking advantage of his assigned responsibilities, Mr. Tran Bac Ha instructed his subordinates at BIDV and BIDV at the Ha Tinh and Ha Thanh branches for Binh Ha and Cong Company. Trung Dung Company – Tran Bac Ha’s backyard company borrowed illegally, generating a particularly large amount of money for BIDV of VND 1.672 billion.
Mr. Ha led the establishment of two companies: An Phu Group Joint Stock Company (owned by Tran Duy Tung, Mr. Ha’s son) and Binh Ha Livestock Joint Stock Company (by Mr. Ha thanks to 3 incompetent people) . financial resources on behalf of the establishment).
Mr. Ha has led the extension of credit with incentives contrary to the regulations of the State Bank and BIDV. Meanwhile, Mr. Ha’s two “backyard” companies, Binh Ha Company and Trung Dung Company, do not have the financial capacity of their own to implement the project; It is also not eligible for the credit extension as regulated by the Banco del Estado and the BIDV.
Binh Ha Company’s total outstanding loans at BIDV that cannot be recovered amount to 799 billion VND.
Similarly, when assessing and evaluating the financial situation of Trung Dung Company, although clearly knowing that this company is in trouble, the defendants Ngo Duy Chinh, Nguyen Xuan Giap, Tran Hong Quang, Dang Thanh Nam remain real. it currently grants a short-term credit limit of 700 billion VND.
The credit line process, under the pressure of Mr. Tran Bac Ha’s leadership, defendants Ngo Duy Chinh, Nguyen Xuan Giap, Tran Hong Quang, Dang Thanh Nam, decided to disburse loans to Trung Dung Company. 26 outstanding loans, of which 20 disbursements did not reach the correct rate of guarantee, 1 loan to reverse the debt.
For the 26 previous loans, the defendants have been unable to control the money from the company’s sales to collect debts, failed to verify the purpose of the loan use, resulting in outstanding loans of more than VND 600 billion and the inability to pay.
VKSND attributed the BIDV defendants’ illegal lending acts to nearly VND 1.7 billion. After the bank handled the guarantee for debt collection, there are currently more than 260 billion companies that cannot pay it.
Take the accused to court – Photo: LIST
The defendant was brought to court – Photo: LIST
The defendant went to court – Photo: LIST
Take the defendant to court – Photo: LIST
