Two sentenced to death in Vinashinlines embezzlement

The Hanoi People’s Court handed down the death penalty on two former officials at Vinashin Ocean Shipping Company Ltd (Vinashinlines) for embezzlement.

Tran Van Liem, former general director of Vinashinlines, was sentenced to death
(Photo: VNA)

The duo are Tran Van Liem, former general director of Vinashinlines, and Giang Kim Dat, former acting head of Vinashinlines’ sales department.

For other defendants in the case, Tran Van Khuong, the company’s ex-chief accountant, was sentenced to life imprisonment also for embezzlement, while Giang Van Hien, father of Giang Kim Dat, was given a 12-year jail term for money laundering.

The court demanded the recovery of over 260 billion VND (11.56 million USD) misappropriated by the defendants to return to the Vietnam’s Ship Building Industry Corporation (Vinashin), the parent company of Vinashinlines.

The court held that there are sufficient grounds to confirm that during the process of purchasing and leasing ships, Liem, Dat and Khuong had abused their position and power to appropriate more than 260 billion VND of Vinashinlines.

Liem misappropriated 3.1 billion VND (138,000 USD), while Dat embezzled around 255 billion VND (11.34 million USD) and Khuong, 110,000 USD.

Liem was pinpointed as the ringleader in the case, while Dat was a proactive accomplice and Khuong was an accomplice./.

VNA

Link:

http://en.vietnamplus.vn/two-sentenced-to-death-in-vinashinlines-embezzlement/107659.vnp