|The Supreme People's Procuracy has prosecuted former banking manager Huynh Thi Huyen Nhu for allegedly appropriating VND4 trillion (US$190 million) from individuals and banks in 2011.— File Photo
HCM CITY (VNS) — The Supreme People's Procuracy has prosecuted former banking manager Huynh Thi Huyen Nhu for allegedly appropriating VND4 trillion (US$190 million) from individuals and banks in 2011.
Nhu has also been charged with counterfeiting official stamps and documents of various organisations.
According to the indictment, the former acting head of the Viet Nam Joint Stock Commercial Bank for Industry and Trade's (Vietinbank) Dien Bien Phu office in HCM City, was found colluding with others to swindle nearly VND4 trillion between March 2010 and September 2011.
|Huynh Thi Huyen Nhu
During the 20-month period, Nhu allegedly forged seals, documents and contracts to appropriate money from nine companies, three banks and three individuals.
Investigation findings showed that Nhu forged nearly 200 documents, including false contracts between Vietinbank's Nha Be Branch in HCM City and various businesses.
The Asia Commercial Joint Stock Bank, Nam Viet Commercial Joint Stock Bank and the Viet Nam International Bank's HCM City Branch were believed to be those targeted by Nhu's scam.
Along with Nhu, Vo Anh Tuan, a former staff member at Vietinbank's HCM City branch, has been charged for abusing trust to appropriate assets. Tuan reportedly played a key role in helping Nhu move money from banks.
21 other individuals- mostly bank employees - are being charged with fraud, abuse of power, lending violations and dereliction of duty.
The Ministry of Public Security's Investigation Department seized eight counterfeited seals, assets worth more than VND624 billion ($29.7 million), over VND360 billion ($17.1 million) in real estate and more than VND217 billion ($10.3 million) in cash.
The suspects have been temporary detained with the case scheduled to be brought to trial by the end of this year at the HCM City People's Court.
Under the Penal Code, those found abusing a duty of trust to appropriate assets are sentenced to life in prison, depending on the level of infringement and damages incurred, according to lawyer Nguyen Ngoc Quang from Ha Noi-based Hoang Tu Law Company. — VNS