Disgraced Vinashin executives stand trial

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VietNam News English - 30 month(s) ago 3 readings

Disgraced Vinashin executives stand trial

In the aftermath of last year's financial scandal involving the State-owned shipbuilding corporation, nine former executives of the Viet Nam Ship Building Industry (Vinashin) Group have been charged with the criminal offence of "intentionally violating State regulations on economic management, causing serious consequences" and put on trial in the northern port city of Hai Phong.

Defendants stand in the docket yesterday at the People's Court in the nothern port city Hai Phong. — VNA/VNS Photo Doan Tan
HA NOI — In the aftermath of last year's financial scandal involving the State-owned shipbuilding corporation, nine former executives of the Viet Nam Ship Building Industry (Vinashin) Group have been charged with the criminal offence of "intentionally violating State regulations on economic management, causing serious consequences" and put on trial in the northern port city of Hai Phong.

Among the most high-profile of the defendants are Pham Thanh Binh, former Vinashin chairman and general director; Tran Van Liem, former chief of the group's supervisory board and director of Vien Duong Co; and Nguyen Van Tuyen, former director of Hoang Anh Ship Building Industry Joint Stock Co.

All have been charged under Penal Code Clause 165. The four-day trial includes 18 lawyers for the defence and five civil claimants, and will see a parade of 15 witnesses. Judge Tran Van Nhien, chief judge of the economic section of the Hai Phong People's Court, is presiding over the trial.

In the opening day of the trial yesterday, the court established rights of civil claimants and raised questions to clarify the criminal a behavior of the defendants.

Under the indictment, Binh and the others are accused of failing to carry out Government guidance and violating State regulations on investment, economic management and the use of State capital, including investments in the Song Hong Thermoelectric Plant in Nam Dinh Province and Cai Lan Diesel Thermoelectric Plant in Quang Ninh Province.

Vinashin was established in 1996 to develop the nation's shipbuilding industry. By 2009, it had grown to include 298 subsidiary companies. — VNS

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