The director of Vietcombank Tay Do and his brother caused hundreds of billions of dollars in damage to the bank

This case was prosecuted in 2015, first-instance trial in February 2019 with the allegation that the defendants caused damage to VCB more than 1,800 billion VND. However, after the first-instance judgment was annulled for re-investigation, the investigating agency and the Procuracy determined the damage level to be more than 278 billion VND.

The defendants were also charged with the crime of “violating regulations on lending in the operation of credit institutions” according to the provisions of Article 179 of the Penal Code 1999, including: Nguyen Minh Chuyen (born). in 1965, former Director of VCB Tay Do, Can Tho City), Tran Anh Huy (former Head of Customer Service, VCB Tay Do), Pham Van Tri (officer of VCB Tay Do), Do Bao Phuong Que, Nguyen Huu Nghia, Nguyen Hung Cuong, Le Tung Huy, Nguyen Thi Tuyet Trinh, Trinh Minh Tu, Nguyen Cong Trung, Vo Vu Binh, Cao Hoang Tham, Nguyen Thanh Hung, Trang Hong Son.

According to the indictment, from 2011 to December 2014, 6 groups of corporate customers (including: Truong Nguyen owned by Le Tung Huy, the company group South of Hau River owned by Nguyen Hung Cuong, company group And Do owned by Nguyen Thanh Hung, the company group Indochina Steel owned by Trinh Minh Tu, the company group Tay Do Mechanical owned by Vu Minh Tuan, the company group Ocean Travel owned by Vo Vu Binh) has a loss-making business and has no money to pay due principal and interest to VCB Tay Do, so the owners of the above-mentioned business groups proposed Nguyen Minh Chuyen to freeze debts, delay debts, and sell assets. to repay the debt.

However, due to fear of arising bad debts, affecting the credit rating of VCB Tay Do, directly affecting personal reputation and knowing that the debt reversal has not yet been regulated specifically for handling, Nguyen Minh Chuyen proposed and was approved by Nguyen Hung Cuong (Chuyen’s younger brother, owner of Nam Song Hau customer group) to accept Vinh Nguyen Company; incurred a debt of 146.5 billion VND of Vinh Nguyen Company, and supported the investment of 43.2 billion VND in Truong Nguyen Company, belonging to the group of Truong Nguyen customers owned by Le Tung Huy.

At the same time, Nguyen Minh Chuyen suggested that Nguyen Hung Cuong, Le Tung Huy, Nguyen Thanh Hung, Vuu Minh Tuan, Trinh Minh Tu establish new companies or use legal entities that do not have a credit relationship at VCB Tay Do for loans. . The loan is used to repay the old contract (actually a debt reversal) and partly for the enterprise to use to maintain production and business activities.

In order for the disbursed money not to be misappropriated by the groups, Nguyen Minh Chuyen required the business groups to open accounts at VCB Tay Do and directed subordinates to control cash flow, requiring businesses to use the disbursed money to payment of principal and interest due.

Nguyen Minh Chuyen, Director of VCB Tay Do at the first instance court in February 2019.

At VCB Tay Do’s briefings, Nguyen Minh Chuyen directed his subordinates to “support” groups of corporate customers to get loans at VCB Tay Do, who did not comply with the lending regulations of the State Bank of Vietnam. State Bank (SBV), in order to create favorable conditions for this group of customers to reverse bad debts.

Specifically, not checking the validity and authenticity of loan documents, not checking the disbursed subjects, not checking the use of loans, under-appraisal, and upgrading credit quality for new customers. establishing and requesting a credit limit in contravention of regulations, failing to appraise the collateral and debt repayment ability of customers according to regulations, not meeting the credit committee but only making and signing false minutes for Invalid.

In addition to the above behavior, in order to help An Do, Tay Do Mechanical, and Indochina Steel companies to pay their due loans and avoid bad debts at VCB Tay Do, Nguyen Minh Chuyen directed Tran Anh Huy and Nguyen Huu Nghia. adjusted VND 221 billion from Ocean Tourism to An Do, Indochina Steel, Tay Do Mechanical.

The conduct of Nguyen Minh Chuyen and his accomplices violated the regulations on lending as prescribed in Article 94 of the Law on Credit Institutions (CIs) 2010 on credit granting and approval, violating Article 6 on the principle of non-payment of loans. eligible for loans, Clause 1, Article 14 on loan documents, Article 15 on loan appraisal and decision, Article 21 on inspection and supervision of loans according to the Regulation on lending of credit institutions promulgated by the State Bank, causing damage damage to VCB 278,561 billion dong. This act of the accused committed the crime of “violating regulations on lending in the operation of credit institutions” according to the provisions of Article 179 of the Penal Code 1999.

In this case, Chuyen was identified as the mastermind and leader. As Director – Chairman of VCB Tay Do Credit Council, in order to hide bad debts of 6 groups of businesses, Nguyen Minh Chuyen made illegal agreements with businesses, providing loans to reverse debts, partly used for production and business, although the enterprises are in a state of loss-making business, unable to repay their debts.

To facilitate loans for these groups of businesses, Nguyen Minh Chuyen directed Tran Anh Huy, other defendants and related subjects to violate lending regulations, creating conditions for 33 companies in 06 groups enterprises borrowed capital at VCB Tay Do, reflected in over 38 credit contracts, causing a loss of VND 278,561 billion to VCB.

Ngan Giang