Temporarily detained 3 former bank officials causing damage of 35.6 billion VND
On the evening of November 13, the Investigation Police Department of Can Tho City announced that it had just prosecuted and temporarily detained three subjects, former leaders and officers of OceanBank Can Tho City branch, for the act of "Violating regulations on lending in the operations of credit institutions".
The subjects prosecuted and temporarily detained include: Nguyen Quoc Truong (born in 1975, residing in Ninh Kieu ward, Can Tho city; former Director of OceanBank, Can Tho city branch); Huynh Quoc Huy (born in 1976, residing in Cai Rang ward, Can Tho city; former Head of Business Planning Department, OceanBank, Can Tho city branch); Pham Vu Huy (born in 1986, residing in Tan An ward, Can Tho city; former business specialist, customer business department, OceanBank, Can Tho city branch).
According to the investigation, Pham Vu Huy is a sales specialist, the customer sales department was assigned to directly access loan files, conduct inspections and appraise the value of mortgaged goods of Hau Giang Food Joint Stock Company before disbursing according to the mortgage contract No. 30/2014/HDTC/OJBCT dated March 31, 2014.
However, during the inspection and appraisal of goods value, it was not strict and did not comply with regulations, leading to failure to detect Hau Giang Food Joint Stock Company inflating the quantity and value of mortgaged goods, and not properly performing its assigned responsibilities.
After checking and appraising the customer's assets, on March 31, 2014, Vu Huy prepared two disbursement proposals for Huynh Quoc Huy and Nguyen Quoc Truong to sign and approve the disbursement twice, totaling 35.6 billion VND. Of which, the disbursed amount exceeded the maximum funding ratio by 10.53 billion VND, and was not recoverable, causing losses to the bank totaling 35.6 billion VND.
Huynh Quoc Huy, Head of Customer Sales Department, was assigned to directly access loan documents, along with Vu Huy, to check the mortgaged goods of Hau Giang Food Joint Stock Company before disbursement. However, during the inspection and appraisal process, the value of the goods was not strictly implemented, not in accordance with the internal regulations of OceanBank, leading to failure to detect Hau Giang Food Joint Stock Company inflating the quantity and value of the mortgaged goods, not properly performing the assigned responsibilities.
At the same time, after checking and appraising the mortgaged goods, he signed and approved two disbursement proposals drafted by Vu Huy, proposing to disburse 2 times the total amount of 35.6 billion VND, which could not be recovered, causing damage to the bank with a total amount of 35.6 billion VND.
Nguyen Quoc Truong, the Branch Director, assigned Pham Vu Huy and Huynh Quoc Huy to directly access loan files and check the mortgaged goods of Hau Giang Food Joint Stock Company before disbursing according to the mortgage contract No. 30/2014/HDTC/OJBCT dated March 31, 2014.
The Chief did not check the implementation of the inspection and appraisal process of the value of the collateral goods of Pham Vu Huy and Huynh Quoc Huy, leading to not detecting that Hau Giang Food Joint Stock Company inflated the quantity and value of the mortgaged goods; at the same time, signed and approved the disbursement of 35.6 billion VND twice, in which the disbursed amount exceeded the maximum funding ratio by 10.53 billion VND, was unrecoverable and caused damage to the bank with a total amount of 35.6 billion VND...
