Mr. Tram Be admitted his mistake in lending Pham Cong Danh 1,800 billion.

Mr. Tram Be and Mr. Phan Huy Khang admitted to making mistakes and making a cursory assessment of financial capacity when lending Pham Cong Danh 1,800 billion VND.

Mr. Tram Be - Photo: Quang Dinh

According to the investigation agency's records, in order to have money to pay off the 1,700 billion VND loan at BIDV bank, on April 19, 2013, Pham Cong Danh, Chairman of the Board of Directors of Construction Bank (VNCB), together with Phan Thanh Mai - former General Director of VNCB, Mai Huu Khuong - Member of the Board of Directors of VNCB, Nguyen Quoc Vien - Head of the Supervisory Board of VNCB went to Sacombank to borrow money.

Mr. Danh was the one who directly met Mr. Tram Be (Vice Chairman of the Board of Directors and Chairman of the Sacombank Credit Council) to ask Mr. Tram Be to lend him money.

Because of his previous relationship with Mr. Danh and knowing that Mr. Danh could not borrow money from VNCB, Mr. Tram Be agreed to lend Mr. Danh 1,800 billion VND with the collateral being VNCB's deposits at Sacombank.

Then, Mr. Tram Be directly took Mr. Pham Cong Danh to meet Mr. Phan Huy Khang (General Director of Sacombank) and directed Mr. Khang to lend Danh 1,800 billion VND.

Sacombank has lent 1,800 billion VND to 6 ghost companies of Pham Cong Danh. Regarding this loan, Mr. Tram Be and Mr. Phan Huy Khang gave specific statements in the investigation conclusion of the Ministry of Public Security's Investigation Police Agency.

Within just 5 days from the first day Pham Cong Danh met Tram Be, by April 24, 2013, the loan to 6 companies of Pham Cong Danh was completed.

The entire amount of 1,800 billion was transferred to Pham Cong Danh's account. Mr. Danh used this money to pay off BIDV's debt and for personal use.

On the day the loan contract had to be settled, Pham Cong Danh's 6 companies did not have the money to pay, so Sacombank automatically collected the principal from VNCB's guaranteed assets.

The file appraisal was very quick, taking only 5 days. This was admitted by Mr. Tram Be and Phan Huy Khang himself as having errors when the loan applications of 6 companies were not actually appraised or were poorly appraised in terms of financial capacity.

Specifically, Mr. Tram Be stated that on April 19, 2013, Pham Cong Danh met Tram Be to discuss borrowing money. Mr. Be agreed on the condition that Danh had to have collateral or deposits. Mr. Danh agreed to send money to Sacombank so that Sacombank could lend money to Danh's companies. Mr. Be took Danh to meet Mr. Phan Huy Khang.

In addition, 13 other individuals of Sacombank who carried out a series of lending activities for this 1,800 billion VND were also questioned, in which Mr. Phan Dinh Tue (Deputy General Director of Sacombank) stated that he did not know Pham Cong Danh but carried out the lending under the direction of Phan Huy Khang./.

According to Tuoi Tre