The eight former top executives of Vietnam Shipbuilding Industry Corporation (Vinashin) have gone to court in Hai Phong city today for an appeal hearing for their offences in a scandal that caused total loss to the state budget of VND910 billion (US$43.5 million).
The Supreme People?s Court opened the hearing to consider the appeals of eight out of the nine defendants who had been sentenced by the Hai Phong city people?s Court in March for ?intentionally violating the State?s economic management regulations, which causes serious consequences?.
Among the eight is Pham Thanh Binh, former Vinashin chairman, 59, who has been sentenced to 20 years in prison.
The others have received sentences ranging from 10 and 19 years imprisonment, including:
- Tran Quang Vu, 54, former general director of Vinashin, former general director of Nam Trieu Company
? Tran Van Liem, 57, former head of Vinashin?s Supervision Committee; former general director of Vien Duong
? Nguyen Van Tuyen, 50, former director of Hoang Anh Shipping Industry JSC.
? Trinh Thi Hau, 48, former deputy general director of Vinashin Finance One-member Co. Ltd.
? Do Dinh Con, 50, former deputy general director of Hoang Anh Shipping Industry Joint Stock Company
? To Nghiem, 53, former chairman of Cai Lan Shipping Industry One-Member Co. Ltd. and former general director of Hai Ha Economic Zone Development Investment Joint Stock Company
? Hoang Gia Hiep, 40, former deputy general director of Vinashin Finance One-member Co. Ltd and former director of Shipping Industry Finance Leasing Company.
The only offender who did not appeal his sentence is Nguyen Tuan Duong, 46, former chairman of Cuu Long Investment Joint Stock Company, who received a 3-year sentence.
The appeal hearing is chaired by Judge Dao Thi Nga, deputy chief judge of the appeal court of the Supreme People?s Court.
Nineteen lawyers will defend the eight defendants at the appeal hearing, which is expected to last for three days.
According to the indictment, Binh and his accomplices disregarded State laws and regulations on investment, management and use of State capital, causing a loss of VND469.5 billion in the purchase of the Hoa Sen ship; VND316.5 billion in the Red River thermal power plant project in Nam Dinh Province; VND66.5 billion in the Cai Lan diesel thermal power plant in Quang Ninh province; VND30.4 billion in the financial lease of Binh Dinh Star Ship; and VND27.3 billion in the sale of the Bach Dang Giang vessel.
Shipbuilding giant Vinashin, a state-owned company founded in 1996, came to the verge of bankruptcy in 2009 after accumulating an enormous debt of over $4.11 billion. The government later introduced reforms to get the embattled shipbuilder back on track.
| One more Vinashin ex-official held On expanding the investigation into the corruption case involving the Vietnam Financial Shipbuilding Company (VFC) under Vinashin, and the Bien Dong Transport One-member Co., Ltd., police have arrested Nguyen Thi Le Thuy, 35, of Hanoi, for charges of embezzlement. Thuy, who was a cashier at Bien Dong, had been found creating false invoices to appropriate more than VND1.8 billion (US$86,350) from the company, and then spending the amount on her personal needs. |
Source: http://talkvietnam.com/2012/08/vinashin-ex-officials-in-appeal-trial-over-economic-scandal/
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