The Procuracy maintains its prosecution opinion.

After 9 days of trial of 'boss' Kien and his accomplices, today (May 30), the People's Procuracy continued to maintain its view that the defendant Kien's gold trading at Thien Nam Company was illegal.

Defendant Nguyen Duc Kien

In response to the defense of the lawyers and the defendants, the Procuracy continued to state its opinion: Regarding the crime of illegal business, the purchase of shares and stocks in enterprises, according to a number of articles in the Enterprise Law, according to the concept, the purchase of shares and stocks, and the contribution of capital to other enterprises are business activities. Therefore, the 5 companies (except Thien Nam Company) in which Kien contributed capital, shares and stocks must have a business registration. According to the business licenses of the 5 companies above, they are not registered to trade in shares and stocks, and are not registered to make additional declarations.

Trading in stocks and shares with code level 4 and level 5. Based on the above analysis, the above 5 companies have purchased stocks and shares under code 6499 (cable 4), code 64990 (level 5) but have not registered their business. Therefore, this behavior is contrary to Article 9 of the Enterprise Law...

Based on the above, the People's Procuracy maintains that the prosecution of the defendants for illegal business is well-founded.

Regarding the illegal gold trading through Thien Nam Company. According to the People's Procuracy, Thien Nam Company was allowed to trade gold derivatives from ACB Bank - Kien was only responsible for connecting orders for gold transactions, while the responsibility belonged to General Director Le Quang Trung. Regarding this issue, the People's Procuracy gave 4 viewpoints and concluded that, based on the arguments stated in the indictment, Kien directed Thien Nam Company to trade gold abroad.

Therefore, the People's Procuracy maintains the view that Kien's gold trading at Thien Nam Company is illegal.

Previously, at the trial of 'boss' Kien and his accomplices on May 27, the representative of the Procuracy proposed a 30-year prison sentence for Mr. Nguyen Duc Kien.

Specifically, the representative of the People's Procuracy proposed for the defendants: Nguyen Duc Kien (former chairman of the investment council of ACB Bank, former vice chairman of the board of directors of ACB Bank, former vice chairman of the founding council of ACB): 18-24 months in prison for illegal business, fined 25-30 million VND to be transferred to the state budget, proposed to confiscate the money used for illegal business; 4-5 years in prison for tax evasion, collect nearly 25 billion VND in evaded tax, sentence 2-3 times the evaded tax to be transferred to the state budget; 16-18 years in prison for fraud and appropriation of property; 14-15 years in prison for intentionally violating the State's regulations on economic management causing serious consequences. Banned from holding management positions in credit institutions for 3-5 years.

Mr. Pham Trung Cang was proposed to be sentenced to 3 years in prison with a suspended sentence.

For the group of defendants prosecuted for the crime of Intentional Violation, defendant Le Vu Ky was proposed to be sentenced to 7-8 years in prison; defendant Trinh Kim Quang was proposed to be sentenced to 6-7 years in prison; defendant Pham Trung Cang was proposed to be sentenced to 3 years in prison with a suspended sentence; defendant Ly Xuan Hai was proposed to be sentenced to 12-14 years in prison; defendant Huynh Quang Tuan was proposed to be sentenced to 3 years in prison with a suspended sentence.

For the group of defendants prosecuted for fraud and property appropriation, defendant Tran Ngoc Thanh was proposed to be sentenced to 9-10 years in prison; defendant Nguyen Thi Hai Yen was proposed to be sentenced to 7-8 years in prison.

According to Seatimes