Former General Director of Global Petroleum Bank Arrested

Two other people were also prosecuted in this case: Nguyen Anh Dung, former chief accountant of GPBank, and Hoang Cong Hop, Chairman of the Board of Directors of Thanh Trung Construction Investment and Construction Joint Stock Company (Thanh Trung Company).

Previously, on July 17, 2015, the Ministry of Public Security's Investigation Police Agency issued a decision to prosecute, temporarily detain, and search Mr. Ta Ba Long, former Chairman of the Board of Directors of GPBank, and Doan Van An, former Vice Chairman of the Board of Directors of GPBank.

Initial information shows that in order to have money to pay off the bond debt for the Electricity Finance Joint Stock Company (EVNFC), around mid-2011, Ta Ba Long and Doan Van An discussed and agreed for Mr. Long to represent GPBank to sign a deposit agreement to buy 58% of the Capital Tower building with Hoang Cong Hop - Chairman of the Board of Directors of Thanh Trung Company; Sign a cooperation contract to invest in the An Khanh Sao Bac GPBank Commercial Center - Office - Housing project with Nguyen Ngoc Nam - Director of Sao Bac Company.

After that, Ta Ba Long and Doan Van An directed Pham Quyet Thang to sign documents and complete procedures to withdraw 3,900 billion VND from GPBank to transfer to the accounts of Thanh Trung and Sao Bac companies, which have so far been unable to be recovered. The prosecution agency determined that the defendants' actions caused GPBank to lose more than 5,500 billion VND in principal and interest. In which, Ta Ba Long and Doan Van An played the role of masterminds, while the defendants Pham Quyet Thang, Hoang Cong Hop and Nguyen Ngoc Nam played the role of accomplices.

According to thanhnien.vn