HCM City court upholds sentences in AgriBank case

The court also upheld the compensation level of VND33 billion that Cuong, ex-Director of the Binh Phat company, has to pay for the AgriBank Binh Chanh. 

Duong Thanh Cuong and other ex-Agribank Binh Chanh officials filed appeals after the first court held on November 5, 2015. The court also kept imprisonment punishments imposed on other defendants, including Nguye n Van Loi, former Deputy Director of AgriBank Binh Chanh 8 years, Hoang Nhu Bich 7 years, Nguyen Thi Thanh Nga 8 years, Tran Thi Hoang Yen 7 years, for breaching regulations on lending in credit organisations’ activity. 

According to indictment, Cuong used the Tan Dai Phat and Thanh Phat companies as legal entities to forge fake documents to appropriate VND15 billion (US$660,000) loaned from AgriBank Binh Chanh. 

The Thanh Phat Company still owes VND33 billion (US$1.45 million) to Agribank Binh Chanh when the defendants were prosecuted. 

Earlier, Cuong also received a life sentence in other case at the AgriBank’s branch 6 in a court held on May 11.