Mr. Phan Van Anh Vu was additionally prosecuted for the crime of Abuse of Power.
Mr. Vu is suspected of colluding with Mr. Tran Phuong Binh to embezzle 200 billion VND from Dong A Bank.
On April 18, the Investigation Police Agency (Ministry of Public Security) prosecuted Phan Van Anh Vu (Chairman of the Board of Directors of Bac Nam 79 Construction Joint Stock Company), and supplemented the decision to prosecute Tran Phuong Binh (former General Director of Dong A Commercial Joint Stock Bank) for the crime of Abusing position and power to appropriate property.
The prosecution of the two defendants aims to expand the investigation into the case of Abuse of position and power to appropriate property and Intentionally violating State regulations on economic management causing serious consequences at Dong A Commercial Joint Stock Bank, at the request of the Supreme People's Procuracy. This is Mr. Binh's third crime in this case, he was previously prosecuted forCrime of intentionally violating State regulations on economic management causing serious consequences and Abuse of trust to appropriate property (Articles 165 and 140 of the 1999 Penal Code).
Authorities suspect that Mr. Vu and Binh are involved in the embezzlement of 200 billion VND from Dong A Bank.
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From left to right: Mr. Tran Phuong Binh and Mr. Phan Van Anh Vu. |
According to the records, in 2013, Dong A was operating at a loss while it wanted to increase its charter capital from 5,000 to 6,000 billion VND. Discussing with Mr. Phan Van Anh Vu (at that time, the representative of Bac Nam 79 Construction Company), Mr. Binh reached an agreement: Bac Nam 79 bought 60 million shares of Dong A for 600 billion VND.
However, Mr. Vu did not have cash, so he mortgaged a 220-hectare plot of land in Da Nang to borrow 400 billion VND from Dong A. Mr. Binh agreed to this plan. For the remaining 200 billion VND, Mr. Binh directed his subordinates to legalize fake documents.
When the capital increase failed, Mr. Binh was accused of making a sudden decision to direct his subordinates to return 600 billion VND to Bac Nam 79 Company and also calculate interest.
Mr. Vu then used this money to buy 50 million shares of Dong A, keeping 100 billion VND. Dong A could not recover this amount.
| Half a month of searching for Phan Van Anh Vu |
The investigation agency said that at first, Mr. Vu denied the above actions, but later changed his testimony, confirming the investigation content was correct. He also said that everything was done under the direction of Mr. Binh.
The investigation agency concluded that Mr. Vu, for personal gain, caused damage to Dong A of 200 billion VND and must be responsible for paying it back.
In the case of violations that occurred at Dong Nai BankAh, Mr. Binh must bear primary responsibility for the entire damage of nearly 3,500 billion VND.The case has 21 defendants, most of whom are bank officials.
Also on April 18, a representative of the Government Inspectorate said that when inspecting the Da Phuoc International Urban Area Project in Da Nang, "the inspection team discovered signs of violations and tax evasion related to Mr. Phan Van Anh Vu (Vu "Nhom") and transferred the file to the Ministry of Public Security for investigation."
Phan Van Anh Vu, 43 years old, is a famous real estate tycoon in Da Nang.On December 21, 2017, Mr. Vu was prosecuted by the Security Investigation Agency (Ministry of Public Security) for the crime of Disclosing State Secret Documents, according to Article 263 of the 1999 Penal Code. On January 4, Mr. Vu was brought back to Hanoi after many days of hiding from a wanted warrant in Singapore.
More than a month later, the Investigation Police Agency (Ministry of Public Security) continued to prosecute Mr. Vu for the crime of "Abusing position and power while performing official duties", according to Article 356 of the 2015 Penal Code.
