Criminal proceedings launched against former chief accountant of PVTrans Police have started criminal proceedings against former chief accountant of PetroVietnam Transportation Corporation (PVTrans) for abusing position and power to appropriate properties.

Ex-Chairman of OceanBank gets two more years in jail The court also gave prison terms of 18 to 20 months for five other defendants. Of these, three of them got suspended sentences.

Ex-officials of PVOil put into temporary detention The Ministry of Public Security has officially launched an investigation into the alleged abuse of position and power to appropriate assets at the State-run PetroVietnam Oil Corporation (PVOil) and OceanBank, along with two former PVOil officials.

More banks slash interbank transfer fees Another 15 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) by March 4

Former banker jailed for 15 more years Ex-banker Hà Văn Thắm was sentenced to 15 years behind bars for causing losses at Oceanbank of more than VNĐ91 billion (US$3.8 million) by a Hà Nội court on Tuesday.

Ex-leader of Vinashin faces stricter punishment

The High-level People’s Court in Hà Nội on Monday increased the penalty imposed on one of the four defendants charged with “abusing position and power to appropriate assets” at the State-run Vietnam Shipbuilding Industry Group (Vinashin).

Appeal trial opens for ship scandal executives Four shipping executives jailed for abuse of power have begun appeals against their convictions.

Gold prices soar to 6-year high on geopolitical factors, weak dollar In the last one month gold prices have jumped by over VNĐ3 million per tael, or 1.2 ounces, to reach their highest levels in many years.

Vinashin ex-leaders prosecuted for abusing position The Hà Nội People’s Court on Wednesday sentenced 4 defendants who were former leaders of State-run Vietnam Shipping Industry Corporation (Vinashin), now the Shipbuilding Industry Corporation (SBIC) for abusing their positions and power to appropriate assets at the first instance trial in Hà Nội.

Court postpones trial on PVEP case to summon more witnesses

The People’s Court of Hà Nội on Monday decided to suspend a trial for the case of “abusing position and power to appropriate assets” that occurred at the PetroVietnam Exploration Production Corporation (PVEP).