VietNamNet Bridge – Several officials of the Vietnam Development Bank in the Mekong Delta provinces of Can Tho and Hau Giang have been prosecuted for breaking the rules on lending activities.

 

The An Khang Seafood Company.

On April 24, Can Tho City Police Agency released the prosecution decision against Luong Quang Minh, former Director of the Vietnam Development Bank in Can Tho - Hau Giang for violating regulations on lending activities of credit institutions.

Minh’s inferiors were also prosecuted for the same act. They are Nguyen Thi Mai and Lam Chi Cong, former chief and vice chief of the Export Credit Division and Nguyen Minh Phuc, former staff of the Export Credit Division of the Vietnam Development Bank.

These defendants were prosecuted for their involvement in the fraud case to appropriate property of a seafood firm - An Khang Co., in Tra Noc Industrial Zone (Can Tho City).

According to the police, Ms. Nguyen Thi Thu Suong, Deputy Director of An Khang Co., Ltd. (was prosecuted already) and her husband - Ho Thanh Binh used a fake material purchasing contract to borrow nearly VND77 billion ($3.5 million) from the Vietnam Development Bank.

To successfully implement the act, Suong bribed the above banking officials with hundreds of thousands of US dollars. Specifically, she gave Luong Quang Minh VND1.2 billion and $10,000 and $10,000 and over VND3 billion to Nguyen Thi Mai.

Also in this case, the police prosecuted three officers of another bank with a branch in Tra Noc, including the branch director and two employees.

Previously, Luong Quang Minh - former Director of the Vietnam Development Bank in Can Tho - Hau Giang paid a visit to the home of captain Truong Hoai Phu of Can Tho Police Agency and “forgot” a pack of gift with VND100 million ($5,000) and a foreign wine bottle. Captain Phu handed over the “gift” to the Can Tho Police Agency.

Phu is in charge of investigating the case of An Khang Company.

The case is still under investigation.

Quoc Huy