The People’s Procuracy of Ho Chi Minh City proposed a 30-year imprisonment sentence to ex-Chairman of the Vietnam Construction Bank (VNCB) Board of Directors Pham Cong Danh during a second-phase trial in Ho Chi Minh City on January 22. 

Pham Cong Danh in court 

Danh, who was also Chairman of the Board of Members and General Director of Thien Thanh Group, and his accomplices were charged with deliberately violating State regulations on economic management causing severe consequences in the VNCB. 

The same sentence was also proposed for former VNCB General Director Phan Thanh Mai and former Director of the VNCB’s Saigon branch Mai Huu Khuong. 

Other defendants will face a two-year suspended sentence to 23 years in prison. 

The procuracy suggested a jail sentence of 5-6 years to Tram Be, former Vice Chairman of the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) and removing an asset declaration order on land use certificate for No.591 An Duong Vuong, Binh Tan district, Ho Chi Minh City, for him. 

It also proposed that the jury should force Danh and Thien Thanh Group to return 6.126 trillion VND (272.2 million USD) to the Bank for Investment and Development of Vietnam (BIDV), Tien Phong (TPBank) and Sacombank. 

Former General Director of Loc Viet Fund Management Jsc Nguyen Viet Ha was also asked to pay back 69 billion VND in illegal gains to the State budget. 

The procuracy also suggested that the investigation agencies of the Ministry of Public Security and the Supreme People’s Procuracy continue to investigate further into violations committed by leaders of the VNCB, BIDV, Sacombank and TPBank.-VNA