The Hanoi People’s Court on March 29 handed down an 18-year jail sentence to Dinh La Thang, former Chairman of the Member Council of the Vietnam Oil and Gas Group (PetroVietnam), for "deliberately violating State regulations on economic management, causing severe consequences.”
Dinh La Thang (second, right) and other
defendants at the trail. (Source: VNA)
With the same charge, one of Thang’s accomplices,
Nguyen Xuan Son, former Deputy General Director of PetroVietnam, was sentenced
to 30 months in prison.
Meanwhile,
Vu Khanh Truong and Nguyen Xuan Thang, both former members of the Member
Council of PetroVietnam, were sentenced to 5 years and 22 months in jail.
Nguyen
Thanh Liem and Phan Dinh Duc, who are also former members of the PetroVietnam
Member Council, received non-custodial re-education periods of 20 months and 15
months, respectively, for the charge.
Ninh Van
Quynh, former chief accountant and former head of the department of finance,
accounting and auditing of PetroVietnam, will spend seven years behind bars,
for "deliberately violating State regulations on economic management, causing
severe consequences,” and 16 years for "abusingpositions andpowers
to misappropriateState assets.”
Besides,
the jury asked the defendants to compensate 800 billion VND (35.2 million USD)
for the losses they caused to PetroVietnam. Of the total, Dinh La Thang has to
refund 600 billion VND (26.4 million USD); Ninh Van Quynh, 100 billion VND (4.4
million USD); and Vu Khanh Truong, 40 billion VND (1.76 million USD). Each of the
four other defendants has to give back 15 billion VND (660,000 USD) to the
State.
Ninh Van
Quynh, who was found abusing his position and power to misappropriate 20
billion VND (880,000 USD) from OceanBank, had previously refunded the amount.
In 2008,
after failing to establish Hong Viet Commercial joint Stock Bank, PetroVietnam
decided to invest in OceanBank.
From 2008
to 2011, Dinh La Thang instructed and decided on PetroVietnam’s investment in
OceanBank to become a shareholder of the bank.
Under his
instruction, Vu Khanh Truong, Nguyen Thanh Liem, Nguyen Xuan Thang, Phan Dinh
Duc, Nguyen Xuan Son and Ninh Van Quynh carried out three contributions of the
group’s capital totaling 800 billion VND to OceanBank.
Due to
OceanBank’s poor capability and violations committed by Ha Van Tham, former
Chairman of OceanBank’s Board of Directors, the bank suffered serious losses,
leading to the loss of the whole 800 billion VND invested by PetroVietnam when
the State Bank of Vietnam was forced to buy OceanBank at zero VND.-VNA
Source: VNA
The "Volunteer Youth" movement is the pride of Vietnamese youth. Along with the spread of the movement in Hoa Binh province, the volunteer youth movement in Lac Son district has many imprints, creating a vibrant emulation atmosphere for the youth, contributing to building a rich and civilised homeland.
Kim Boi district, a revolutionary land rich in cultural heritage, is "awakening” with major opportunities to become a tourism and eco-urban hub in Hoa Binh province and the region as a whole.
Thanks to the support of local authorities, Hoa Binh’s education system continues to achieve significant progress, contributing to meeting comprehensive reform targets and students' learning needs as well as supplying high-quality human resources for the province.
Muong Bi – Tan Lac is one of the four major Muong regions in Hoa Binh province. As the New Year has begun, Tan Lac is filled with hope, optimism, and renewed motivation. These days, village roads and alleyways there are adorned with vibrant flags and flowers, creating a bustling atmosphere to welcome 2025. Local residents are overjoyed as their homeland undergoes a remarkable transformation, with improved living conditions, and greater prosperity and security.
Da Bac district, like many other localities, faces challenges such as unemployment and unstable job opportunities, with an average 900 labourers needing vocational training annually and nearly 1,000 looking for jobs. The district has collaborated with the provincial Department of Labor, Invalids, and Social Affairs, job service centres, and domestic and international recruitment agencies to organise job fairs and consultation sessions every year.
Organ donation has been a humanitarian movement across the nation over the recent past. The deeds by donors and their families have inspired many people to register as future donors and embodying the profound message of giving the gift of life.
