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Court shows no leniency for ex-Vinashin chairman

Update: August, 31/2012 - 10:18

 

The appeals session of the Supreme People's Court yesterday upheld a 20-year jail term for former chairman of Vinashin Pham Thanh Binh (stands first fromthe right). — VNA/VNS Photo Doan Tan
HA NOI — The appeals session of the Supreme People's Court yesterday upheld a 20-year jail term to the former chairman of the Viet Nam Shipbuilding Industry Group (Vinashin), Pham Thanh Binh.

The session also rejected appeals for lower sentences by seven other defendants.

In March, Binh was found guilty of intentionally violating State regulations.

According to a representative of the Supreme People's Procuracy, the defendants, while holding important positions in Vinashin and its affiliates, intentionally violated laws and State regulations on economic management.

The representative said their offence was extremely serious.

The defendants have also been ordered to pay total compensation of more than VND1.1 trillion VND(US$52 million).

According to the indictment, Binh and his accomplices abused their rights and violated State laws and regulations on investment, management and use of State capital in the purchase of a ship known as the Hoa Sen, the Red River thermal power plant project in Nam Dinh province, the Cai Lan diesel thermal power plant in Quang Ninh province, investment in the Binh Dinh Star ship, and the sale of a vessel called the Bach Dang Giang.

The court was told the violations cost the State budget hundreds of billions of dong.

They also created a negative impact on the shipping industry and the lives of thousands of workers, apart from eroding confidence in society in general. — VNS

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