Tuesday, October 22 2019

VietNamNews

Former Vinashin General Director arrested

Update: December, 11/2018 - 09:00
former General Director Trương Văn Tuyến. — Photo plo.vn

HÀ NỘI — The Investigation Police Agency under the Ministry of Public Security launched legal proceedings against temporarily detained former General Director Trương Văn Tuyến and Deputy General Director Phạm Thanh Sơn of the Việt Nam Shipbuilding Industry Corporation (Vinashin) yesterday.

The two are being investigated for “abusing position and power to appropriate assets”.

The agency is conducting an expanded investigation into a wider case of “abusing position and power to appropriate assets” at Vinashin. The move was directed by the Central Steering Committee on Corruption Prevention and Control, as well as the Ministry of Public Security.

Investigations revealed that Tuyến and Sơn had abused their positions and power to illegally approve deposits of Vinashin (now named SBIC) into Ocean Bank. They are allegedly the accomplices of Trần Đức Chính, chief accountant of Vinashin, in embezzling VNĐ105 billion (US$4.5 million) from the bank.

The Investigation Police Agency on December 6 decided to begin investigations and issue an order to put the two men in temporary detention and search their houses, as regulated by Article 355 of the 2015 Penal Code. The decisions and orders were then ratified by the Supreme People’s Procuracy.

Further investigations on the case are undergoing and lost properties from the case is reportedly being retrieved. — VNS

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