Former General Director of Dong A Bank Tran Phuong Binh appeared in court again

Mr. Binh will be tried by the Hanoi People’s Court for the first instance Violations against regulations on banking activities, other activities related to banking activities, according to Clause 4, Article 206 of the Penal Code; penalty frame 12-20 years in prison.

Regarding the case, 9 people were identified as accomplices, including: Luong Ngoc Quy and Nguyen Thi Kim Xuyenformer Deputy General Director of Dong A Bank; Tran Dao Vuformer Deputy General Director of DAB cum General Director of Hanoi branch; Nguyen Thi Kim Duongformer Deputy General Director of Dong A Bank, Hanoi branch; Nguyen Thi Ngoc Anh, Vo Thi Bach Huong, Nguyen Minh Hoang, Nguyen Thi Phuongan employee of Dong A Bank, Hanoi branch; Phan Thuy Mai, Former Director of An Phat Investment and Tourism Joint Stock Company.

This is the third case that Mr. Binh has been handled for violations leading to money loss of Dong A Bank. In 2018, he was sentenced to life in prison in the case of Phan Van Anh Vu (Vu “Aluminum”) and his accomplices to appropriate and cause harm. damage more than 3,600 billion. In the second case, he was also sentenced to life in prison when loss of more than 8,800 billion dong.

According to the indictment, from 2007 to 2014, Mr. Binh, Xuyen, Vu and some employees at Dong A Bank, Hanoi branch made many mistakes when reviewing credit records for An Phat Company, the first joint-stock company. Trang An construction and trade investment, Star Hair Co., Ltd. From this loophole, the three businesses mentioned above were able to borrow a particularly large amount of money, causing serious damage.

Due to his close relationship with Ms. Mai, Mr. Binh directed the Hanoi branch to quickly disburse loans, bypassing the appraisal process with An Phat Company. After borrowing VND 184 billion, Ms. Mai spent 108 billion to invest in a real estate project in the suburbs of Hanoi, and the rest paid off the bank debt.

The Procuracy determined that Ms. Mai used assets that were not legal enough as collateral for loans and even used fake board meeting minutes to transact bank loans. Currently, Ms. Mai and An Phat Company are insolvent, causing a loss of VND 184 billion to Dong A Bank.

In the damages, Mr. Binh is accused of being directly responsible for the violations in 4 contracts for lending to An Phat Company with the amount of more than 178 billion VND.

Mr. Binh admitted that in 2008, Ms. Mai represented An Phat Company to sign a contract to borrow 185,000 gold only from East Asia. In fact, there is no disbursal of gold. The documents and documents were prepared to conceal the amount of gold that Mr. Binh lost before the bank closed the books at the end of the year.

The signing of a false contract between Mr. Binh and Mai was prosecuted by the Investigative Police Agency of the Ministry of Public Security and handled in another case.

Ms. Mai is accused of taking advantage of her relationship and lobbying leaders of Dong A Bank to direct the Hanoi branch to quickly disburse loans, bypassing the normal appraisal process. She also falsified documents for transactions, took properties that were not eligible for mortgage.

In 2017, Ms. Mai was sentenced to 16 years in prison by the Hanoi People’s Court for appropriating 2 villa land worth more than 30 billion VND of An Phat Company and then gave it as a pledge, taking money for personal spending.

The group of defendants, who are East Asia officials at the Hanoi branch, admitted that Ms. Mai had a relationship with Mr. Binh and Ms. Xuyen, so they had to comply with the request. The disbursement of the loan when the procedures for collateral have not been completed are subject to the consent and direction of Mr. Binh.

Pham Du