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6 people prosecuted in VIB swindling case

Update: January, 16/2017 - 19:00
Illustrative image. — Photo
Viet Nam News

Hà NỘI — The Supreme People’s Procuracy on Sunday decided to prosecute six defendants in connection with fraud that occurred at the Việt Nam International Bank (VIB), Nguyễn Huệ branch (VIB Nguyễn Huệ), five years ago.

Đỗ Xuân Hai, ex-director of Đức Hiếu Co Ltd; Nguyễn Trọng Năm, head of Năm Hường private enterprise; and Đỗ Quang Bình, director of Nam Bình Co Ltd; were prosecuted on the charge of “swindling to appropriate property.” All three live in Chương Mỹ District of Hà Nội.

The other three defendants, Nguyễn Thanh Hiếu, former director of VIB Nguyễn Huệ; Mai Ngọc Vinh, a former customer support employee at VIB Nguyễn Huệ; and Nguyễn Hồng Tuấn, former managing director at 135 Security Service Joint Stock company; were charged with "violating lending regulations of credit institutions." Both Hiếu and Vinh reside in Hà Nội, while Tuấn lives in Chương Mỹ District.

According to the indictment, to obtain money to repay debts for individuals and banks as well as for personal expenses, Hai, Năm and Bình forged documents and appropriated over VNĐ100 billion (US$4.4 million) in the form os loans from VIB Nguyễn Huệ between January 2011 and April 2012.

Hiếu, Vinh and Tuấn were accused of "violating lending regulations of credit institutions."

The procuracy also demanded that Hai repay over VNĐ120 billion (US$3.1 million) to VIB Nguyễn Huệ, while Hiếu was ordered to repay VNĐ16 billion ($709,000) to Hai. Nguyễn Trọng Năm and Đỗ Quang Bình were ordered to repay over VNĐ9.1 billion ($403,000) and VNĐ5.6 billion ($248,000), respectively, which they misappropriated from the bank. — VNS


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