Phan Van Anh Vu prosecuted for economic loss in Dong A Bank
The Investigation Police Department under the Ministry of Public Security on April 18 issued a decision to prosecute Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company, for abusing position and power to misappropriate 200 billion VND (8.7 million USD) from the Dong A Bank (DAB).
Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company (Photo: VNA)
Hanoi (VNA) – The Investigation PoliceDepartment under the Ministry of Public Security on April 18 issued a decisionto prosecute Phan Van Anh Vu, former chairman of the board of Bac Nam 79Construction Joint Stock Company, for abusing position and power tomisappropriate 200 billion VND (8.7 million USD) from the Dong A Bank (DAB).
The police also launched additional prosecutionagainst Tran Phuong Binh, former general director of DAB, for the same chargeaccording to Article 355 of the Penal Code 2015.
ꦡ The same day, the Supreme People’s Procuraryapproved the prosecution decisions.
The police are expanding investigation into thecase to recover the assets derived from crime of the accused.
On December 9, 2016, the police launchedcriminal proceedings for the economic crime at Dong A Bank. The same day, thepolice also prosecuted and detained Binh and other accomplices for deliberatelyviolating State regulations on economic management, causing seriousconsequences and abusing trust to appropriate property.
▨ Earlier, Phan Van Anh Vu was prosecuted on thecharge of abusing position and power while performing public duty during theinvestigation of the purchase and sale of public houses and land in Da Nang andother cities and provinces. He was also prosecuted for deliberately revealingState secrets and tax evasion.-VNA
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Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company (Photo: VNA) 
