Prosecution and temporary detention of former Chairman of Vietnam National Oil and Gas Group

On the evening of July 21, the Investigation Police Agency - Ministry of Public Security officially announced that it had served the Decision to prosecute the accused and executed the order to temporarily detain and search Mr. Nguyen Xuan Son, former Chairman of the Board of Members of the Vietnam National Oil and Gas Group. The above decisions and orders were approved by the Supreme People's Procuracy and were implemented on the evening of July 21.

Mr. Nguyen Xuan Son.

During the investigation into the case of Ha Van Tham and his accomplices "Violating regulations on lending in the operations of credit institutions; "Taking advantage of positions and powers while performing official duties causing serious consequences"; "Intentionally violating State regulations on economic management causing serious consequences" at Oceanbank, the Investigation Police Agency of the Ministry of Public Security determined that Mr. Nguyen Xuan Son, during his time as General Director of Oceanbank, was an accomplice with Ha Van Tham - former Chairman of the Board of Directors, committing the crime of "Taking advantage of positions and powers while performing official duties causing serious consequences"; "Intentionally violating State regulations on economic management causing serious consequences".

The process of executing the arrest and search warrant against Mr. Nguyen Xuan Son was carried out in accordance with the provisions of Article 80 and Article 143 of the Criminal Procedure Code; the accused was escorted to the Ministry of Public Security's Detention Center for further investigation and handling in accordance with the law.

Mr. Nguyen Xuan Son held the position of General Director of Oceanbank from December 2008 to November 2010. In July 2014, Mr. Nguyen Xuan Son was appointed as Chairman of the Board of Members of the Vietnam National Oil and Gas Group (PVN).

On July 19, 2015, the Prime Minister signed a decision to remove Mr. Nguyen Xuan Son from the position of Chairman of the Board of Members of PVN.

Mr. Son was born in 1962, his hometown is Ha Tinh. Exactly one year ago, he was appointed to replace Mr. Phung Dinh Thuc who retired. Mr. Son has held many positions in the group, and was a member of the Board of Directors of Ocean Bank when the Oil and Gas Group still invested in this bank. Ocean Bank was recently acquired by the State Bank for 0 VND, after former Chairman of the Board of Directors Ha Van Tham and a series of senior leaders were arrested for many violations in business activities. Mr. Son held the position of General Director for more than a year (from January 14, 2009), under the Chairmanship of Mr. Tham.

According to VNA/VNE