Hồ Chí Minh City People’s High Court yesterday upheld the lower court’s 30-year prison sentence given to the former board Chairman of the Việt Nam Construction Bank (VNCB), Phạm Công Danh.
Seven former officials of Đại Tín Bank (Trust Bank), including former chairman of its board of directors and general director, were arrested and put under temporary detention on Tuesday.
HCM City People’s Court today began to hear the appeal of Phạm Công Danh, chief of Việt Nam Construction Bank (VNCB), and 35 of his accomplices in a corruption case.
The HCM City People’s Court has upheld a 30-year prison sentence for Phạm Công Danh, a former bank executive, for his wrongdoings and violations of banking rules.
The Hồ Chí Minh City People’s Court yesterday opened the first trial on a corruption case involving over VNĐ9 trillion (US$405 million) and the Việt Nam Construction Bank (VNCB), the largest economic loss caused by corruption ever recorded in the country.
A popular passenger bus company in HCM City has complained that a bank that has filed a lawsuit against the firm has made misleading statements about the total amount owed, damaging its reputation.