Today's verdict for Vu "aluminum" and Tran Phuong Binh

Previously, the representative of the Ho Chi Minh City High People's Procuracy requested the panel of judges to reject all appeals of the defendants as well as those with related rights and obligations.

Accordingly, the People's Court proposed to sentence defendant Tran Phuong Binh (former General Director, Vice Chairman of the Board of Directors and Chairman of the Credit Council of Dong A Commercial Joint Stock Bank) to life in prison and Nguyen Thi Kim Xuyen (former Deputy General Director of DongABank) to 30 years in prison for the crimes of intentionally violating state regulations on economic management causing serious consequences and abusing position and power to appropriate property.

The representative of the Procuracy requested to reject the defendants' appeal.

According to the representative of the High People's Procuracy in Ho Chi Minh City, recently the Ho Chi Minh City People's Court has continuously brought to trial criminal cases in the banking sector.

Crimes in the banking sector cause extremely serious harm to society. Many cases have resulted in damages of up to hundreds of billions, even thousands of billions of dong, affecting monetary security, affecting the management and regulation of financial and credit activities of the Government as well as the implementation of economic policies of the State, causing the people, the business community, and foreign investors to lose confidence in banking credit activities.

Defendant Tran Phuong Binh.

The main criminals are leaders holding the highest positions in banks, taking advantage of their positions and powers to entice or direct bank staff with the help of subjects outside the bank to violate the law or use their backyard companies to commit acts of appropriating bank assets.

There are many cases where, when operating a loss-making business, people continue to use sophisticated tricks to create fake documents to embezzle from banks, intentionally violate the provisions of the Law on Accounting, the Law on Credit Institutions, banking regulations... to conceal the consequences, leading to increasingly serious damage to the bank.

Throughout the trial, defendant Phan Van Anh Vu continuously claimed that he did not embezzle more than 203 billion VND from DongABank.

Vu affirmed that this was a purely civil relationship between the defendant and Mr. Binh. During the borrowing process, the defendant did not have to sign any documents.

Vu argued that the court of first instance had not comprehensively and objectively evaluated the evidence in the case file and that he was wronged. Specifically, Vu argued that the conclusions of the investigation agency and the evidence examined in court were inconsistent, so there was not enough basis to charge Vu with abusing his position and power to appropriate property.

Vu Nhom continuously cried out injustice.

Vu said he did not share or benefit from the fact that Bac Nam 79 Construction Joint Stock Company borrowed 200 billion VND from Mr. Binh personally. Vu paid 203 billion VND to pay Mr. Binh, not to remedy the consequences.

The representative of the Procuracy said that the first instance court's sentence of Vu "Nhom" to 17 years in prison was the right person, the right crime, and not a wrongful conviction. Therefore, the People's Court requested the panel of judges to reject the appeal of the defendant Vu.

At the same time, the representative of the Procuracy said that throughout the investigation and trial, the defendant Vu did not give honest statements, showed a stubborn attitude, and disregarded the law. Therefore, it is necessary to handle it strictly for deterrence and general education.