Trial of former VEAM leaders caused hundreds of billions of losses
The trial panel consists of three people, in which Judge Tran Nam Ha (Deputy Chief of the Criminal Court) sits in the chair to preside over the trial. The trial is expected to take place in a week.
There are 17 defendants to appear in court, including Mr. Tran Ngoc Ha (former Chairman of the Board of Members, General Director of VEAM), Lam Chi Quang (former General Director of VEAM), Vu Tu Cong (former Chief Accountant of VEAM), Dao Quoc Viet (former Director of VEAM Transport and Trading Joint Stock Company – Vetranco), Tran Quang Tien (former Chairman of the Board of Directors of Dai Nam Group Joint Stock Company) and other defendants were brought to trial for violating regulations. regulations on management and use of State assets, causing loss and waste.
Particularly, Mr. Nguyen Van Khoi (former Head of Supervisory Board; member of VEAM’s Board of Directors) was prosecuted for the crime of irresponsibility causing serious consequences.
There are 33 lawyers registered to participate in defending the legal rights and interests of the defendants. Mr. Tran Ngoc Ha alone has 4 defense lawyers.
According to the indictment, VEAM is represented by the Ministry of Industry and Trade (of which state capital is more than 88%). VEAM Transport and Trading Joint Stock Company – Vetranco is a subsidiary of VEAM.
From 2011-2013, defendant Vu Tu Cong (VEAM Chief Accountant) advised, proposed and drafted documents to submit to Mr. Lam Chi Quang to sign 5 bank payment guarantee certificates for a loan of VND 193 billion to Vetranco.
From the guarantee of VEAM, Vetranco borrowed money from banks to do business with Minh Quang Investment Joint Stock Company, Minh Quang Steel Joint Stock Company, Future Investment Joint Stock Company and Investment Company Limited. Hai Dang import-export and trade investment.
However, these companies have stopped operating, have no assets, and are unable to repay Vetranco’s debts.
Because Vetranco did not have the money to repay bank loans, VEAM was forced to collect or pay debts on behalf of Vetranco for nearly 76 billion VND.
In addition, when using a bank loan guaranteed by VEAM, Mr. Dao Quoc Viet (Vetranco Director) lent Mr. Tran Quang Tien (Chairman of the Board of Directors of Dai Nam Group Investment Joint Stock Company) to enjoy interest. according to the lending interest rate of the bank plus the difference from 0.8 – 1.25% of the loan value.
In order to conceal the illegal lending of money, defendants Viet and Tien made a valid agreement by making contracts for the sale and purchase of fake goods.
Mr. Tran Quang Tien failed to repay 15 loans arising from May to August 2013, causing damage to Vetranco amounting to nearly VND 183 billion.
In addition, when implementing the investment project to manufacture medium four-wheel tractors and signing the implementation of 2 agreements VEAM-ZIBO to invest in the development of right-hand drive cars, VEAM leaders caused damage to the manufacturer. more than 66 billion VND.
Mr. Nguyen Van Khoi, as a member of the Board of Directors, in charge of capital management, financial and accounting activities, and control of VEAM, was determined to have failed to fulfill his responsibilities. damage to VEAM is more than 75 billion dong.
In this case, former VEAM Chairman Tran Ngoc Ha was identified as the main player and accomplices causing damage to the State hundreds of billions of dong.
Regarding the case, some officials and individuals of the Board of Directors of VEAM, the Technical and Investment Department, the Sales Department, the Finance Department, the former Chairman of the Board of Directors of Vetranco, the former member of the Board of Directors of Vetranco… determined they were involved in the offence, but not to the extent of criminal prosecution.
The Procuracy will propose to the management agency VEAM and the Ministry of Industry and Trade to consider and take disciplinary action against these officials and individuals according to their competence.
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here