12 suspects involved in BIDV violations to be prosecuted

May 20, 2020 - 17:30
The Supreme People’s Court has decided to prosecute 12 suspects involved in banking operation violations occurred at the Bank for Investment and Development of Vietnam (BIDV).


A dairy project of Bình Hà Company. — Photo tuoitre.vn

HÀ NỘI — The Supreme People’s Court has decided to prosecute 12 people involved in banking operation violations at the Bank for Investment and Development of Vietnam (BIDV).

Trần Bắc Hà, former chairman of BIDV, was determined to be the mastermind behind the violations. However, he died in prison in July last year after a long illness so his conviction was suspended.

The accused include Trần Lục Lang and Đoàn Ánh Sáng, former deputy general director of BIDV; Kiều Đình Hòa, former deputy director of BIDV’s Hà Tĩnh branch and Lê Thị Vân Anh, former customer service head of the branch; Ngô Duy Chính, former director of BIDV’s Hà Thành branch, Nguyễn Xuân Giáp, former deputy director of the branch, Phạm Hồng Quang, former head of customer service division and Đặng Thành Nam, an official in charge of customer management of the branch. They would be prosecuted on charges of violating banking regulations.

Other suspects who are accused of abusing trust to appropriate property include Đoàn Hồng Dũng, former director of Trung Dũng company, Trần Anh Quang, former director of Bình Hà company, Đinh Văn Dũng, former director general of Bình Hà company and Nguyễn Thị Thanh Sơn, former director of Hà Nam company.

According to the indictment, from 2011 to 2016, taking advantage of his position, Hà made a number of wrong-doings such as violating democratic centralism principles and working regulations to pour money into companies that were set up by himself.

Specifically, Hà directed the establishment of two companies including An Phú Joint Stock Company which was owned by Trần Duy Tùng – Hà’s son and Bình Hà Livestock Joint Stock Company. Hà also instructed and approved the granting of credit with incentives which go against regulations of the State Bank of Việt Nam (SBV) and BIDV despite the fact that the two companies did not have enough financial capital to carry out the project nor were they eligible for credit extension as prescribed by the SBV and BIDV.

The action has resulted in a loss of more than VNĐ1.5 trillion (US$64.2 million) to BIDV.  — VNS