Bau Kien was proposed to be sentenced to 30 years in prison.

On the morning of May 27, the trial of Mr. Kien and his accomplices entered its seventh day. After a morning of questioning, the court moved on to the debate. Before the debate in court, the representative of the Hanoi People's Procuracy, who held the right to prosecute in court, concluded and proposed the sentence.

The representative of the People's Procuracy proposed the sentence for Mr. Kien and his accomplices - Screenshot

According to the representative of the People's Procuracy, the Supreme People's Procuracy's prosecution of Nguyen Duc Kien and his accomplices on four charges is completely well-founded, against the right people, and in accordance with the law.

Regarding the act of illegal business, although at the trial as well as during the investigation, Nguyen Duc Kien stated that the defendant did not trade in gold but traded in gold prices. However, there is sufficient basis to conclude that the act of trading in gold status and trading in stocks has committed the crime of illegal business.

With the act of Tax Evasion, the transfer of trust documents is a disguise to transfer profits to Nguyen Thuy Huong (Mr. Kien's sister, a shareholder of B&B Company).

Regarding the act of Fraudulent appropriation of assets, in court, Kien stated that Hoa Phat knew the information and had requested to freeze it, but his statement was baseless because before negotiating and signing the contract, Hoa Phat did not know that there were shares mortgaged. The minutes of the Board of Directors meeting were determined to be inconsistent with regulations.

Regarding the act of intentionally violating State regulations, at court, the defendants argued that the entrustment was in accordance with regulations; and that Huynh Thi Huyen Nhu had appropriated ACB's money, Vietinbank must take responsibility. However, according to banking regulations, there are no regulations applicable to entrusting individuals to deposit money. While the State Bank has not yet issued instructions, ACB has entrusted employees to deposit money.

Regarding defendant Nguyen Duc Kien, in all 3 crimes, the defendant was the mastermind, the main person, and played the main role; the amount of money was especially large. In the crime of Intentional Violation, Nguyen Duc Kien played an important role in ACB Bank. Kien also admitted that most of Kien's opinions later became ACB Resolutions. After 2008, although he no longer held a position, he still controlled ACB's activities. Many ACB Resolutions were Nguyen Duc Kien's personal opinions.

During the investigation as well as at the trial, the defendant denied the crime and stubbornly refused to confess. It is necessary to isolate the defendant from society for a long time.

Defendants Tran Ngoc Thanh and Nguyen Thi Hai Yen effectively assisted defendant Kien. The amount of money has been recovered and implemented under the direction of defendant Kien, so the penalty can be considered to be reduced to the lowest level within the framework.

Regarding Ly Xuan Hai, because he wanted to protect ACB's interests, following Nguyen Duc Kien's instructions, he issued a wrong entrustment policy and bought shares against regulations, causing a loss of more than 1,400 billion VND. During the investigation, he showed no remorse, so he needs to be strict.

With Le Vu Ky, under the direction of Nguyen Duc Kien, he signed the policy for employees to entrust and provide credit to buy stocks, causing a loss of more than 1,400 billion VND to ACB. Consider the lowest reduction in the prosecution framework.

With Trinh Kim Quang, also following the direction of Nguyen Duc Kien, the law was violated. The defendant's sentence can be reduced but must still be dealt with strictly.

Pham Trung Cang, during the investigation, the defendant honestly confessed his actions, so the penalty can be reduced to the lowest level of the prosecution framework, there is no need to isolate him from society.

Huynh Quang Tuan, the act of entrusting employees to deposit money affected the State's monetary policy, causing a loss of 718 billion VND. However, the defendant's actions were serious, so the lowest level of the penalty can be considered and there is no need for isolation.

For defendant Tran Xuan Gia, no penalty is considered.

The Hanoi People's Procuracy proposed that the panel of judges sentence the defendants:

- Nguyen Duc Kien: 18-24 months for illegal business; 4-5 years in prison for tax evasion, collecting 24 billion VND; 16-18 years in prison for fraud; 14-15 years in prison for intentionally violating state regulations. Total sentence: 30 years in prison.

- Tran Ngoc Thanh (62 years old, former Director of ACB Hanoi Investment Joint Stock Company): 9-15 years in prison

- Nguyen Thi Hai Yen (45 years old, former chief accountant of ACB Hanoi Investment Joint Stock Company): 7-8 years in prison

- Ly Xuan Hai (49 years old, former General Director of ACB Bank): 12-14 years in prison

- Le Vu Ky (58 years old, former Vice Chairman of the Board of Directors of ACB Bank): 7-8 years in prison

- Trinh Kim Quang (60 years old, former Vice Chairman of the Board of Directors of ACB Bank): 6-7 years in prison.

- Pham Trung Cang (60 years old, former Vice Chairman of the Board of Directors of ACB Bank) and Huynh Quang Tuan (56 years old, former member of the Board of Directors of ACB Bank): 3 years in prison with suspended sentence.

According to NLDO