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Former Vinashin official arrested in embezzlement scandal

Update: November, 04/2015 - 14:39
Tran Van Khuong, 65, former chief accountant of Vinashinlines, was arrested yesterday for his involvement in the Vinashin scandal. – VNA/VNS Photo

HA NOI (VNS) — Another former Vinashin official was arrested yesterday in the state-owned group's embezzlement scandal, raising the number of persons arrested to 10.

Tran Van Khuong, 65, former chief accountant of the Vinashin Ocean Shipping Company Ltd., or Vinashinlines, is accused of embezzlement, intentional breach of state law leading to serious consequences, along with harbouring criminals and assets gained through criminal activities.

More details of the charges against Khuong have not been disclosed.

The Vinashin scandal is one of the largest cases of embezzlement that have come to light in Viet Nam so far, with the estimated state losses being more than VND910.2 billion (US$40.4 million).

The scandal broke in 2008, leading to the arrest of several top leaders of Vinashin and its subsidiary company, Vinashinlines.

Pham Thanh Binh, former chairman and general director of Vinashin, and former director of Vinashinlines Tran Van Liem were sentenced to 20 and 19 years in prison respectively in a trial that began in August 2008. Six other defendants in the case received a minimum sentence of 10 years.

Giang Kim Dat, former head of Vinashinlines' sales division, was arrested in July after being on the run for five years and escaping to Singapore. Police investigation found that Dat had used the money he had allegedly embezzled, amounting to about $18.6 million, to buy some 40 villas and luxury apartments across Viet Nam and Singapore. — VNS

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