Arrest of former chairman of Vinashin board of members Nguyen Ngoc Su

Mr. Nguyen Ngoc Su. Photo: Provided by the Investigation Police

On January 26, information from the Ministry of Public Security said that the Ministry of Public Security's Investigation Police Agency (C46) has issued a decision to prosecute the case, prosecute the accused, and issue an order to temporarily detain Mr. Nguyen Ngoc Su, former Chairman of the Board of Members of the Vietnam Shipbuilding Industry Corporation Vinashin (SBIC), to investigate the crime of abusing his position and power while performing official duties.

At the same time, the Investigation Agency executed a search warrant at Mr. Su's house to serve the investigation.

The above decisions and orders have been approved by the Supreme People's Procuracy.

Mr. Su was arrested during the C46 investigation phase II of the case of Ha Van Tham and accomplices.

During the investigation, collected documents and evidence determined that Nguyen Ngoc Su had taken advantage of his position and power to use Vinashin Group's money deposited at Ocean Commercial Joint Stock Bank (OceanBank) for a number of individuals in Vinashin to receive and appropriate VND 105,583 billion in extra interest.

Currently, the Investigation Police Agency is focusing on expanding the investigation of the case, clarifying the criminal acts and recovering and seizing assets obtained from crimes.

In 2012, Mr. Nguyen Ngoc Su - Deputy General Director of Vietnam Oil and Gas Group (PVN), was appointed by the Prime Minister to hold the position of Chairman of the Board of Members of Vietnam Shipbuilding Industry Group.

At PVN, Mr. Su is Deputy General Director in charge of finance of the entire group.

In August 2017, Mr. Su received a decision to retire and resign from the position of Chairman of the Board of Members of Vietnam Shipbuilding Industry Corporation.