Continue to prosecute 12 defendants in the grand Tran Bac Ha trial

Two defendants, Doan Anh Sang (left) and Tran Luc Lang – Photo: provided by the police

The Supreme People’s Prosecutor’s Office has completed indictment no. 64 / CT-VKSTC-V3 adding the content of the case that occurred in the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), and at the same time transferred The file goes to the People’s Court of the city of Hanoi to study it and take it to judgment according to your competence.

This is the case of “Violation of regulations on banking, other activities related to banking” and “abuse of credit to appropriate property” occurred at Joint Stock Commercial Bank for Investment and Development of Vietnam, Binh Ha Livestock Joint Stock Company (Binh Ha Company) and Trung Dung Trade and Tourism Limited Liability Company (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.

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 to have the Ha Tinh branch and the Ha Thanh branch for Binh Ha Company – to ser Tran Bac Ha’s backyard company and Trung Dung company borrowed illegally, causing losses to BIDV of a particularly large amount 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) . under the name of the financial force)

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 and Trung Dung, 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.

Cong Binh Ha’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 the company is known to be in trouble, defendants Ngo Duy Chinh, Nguyen Xuan Giap, Tran Hong Quang, Dang Thanh Nam continue to act. short-term credit limit that grants 700 billion VND.

The credit line process, under pressure from 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 illegal lending acts of the BIDV defendants causing damages to the bank 1,672 million. After the bank handled the collateral for debt collection, now there are more than 260 billion companies that cannot pay it.

VKSND accused Mr. Tran Bac Ha (former president of the Board of Directors of BIDV) of planning and leading. However, Mr. Ha died, so the process suspended the accused.