Tags: oceanbank

Former executives of petrochemical firm to stand trial

Former executives of petrochemical firm to stand trial

Four former executives of Binh Son Refining and Petrochemical JSC (BSR) will be brought to trial on January 21 for the charge of “abusing position and power to appropriate assets”, according to the Hanoi People’s Court.

Former Director General of PVEP arrested

Former Director General of PVEP arrested

The Investigation Police Agency under the Ministry of Public Security has issued decisions on prosecuting and detaining Do Van Khanh, former Director General of the PetroVietnam Exploration Production Corporation (PVEP).

Court upholds sentence against Dinh La Thang in OceanBank case

Court upholds sentence against Dinh La Thang in OceanBank case

The High-Level People’s Court in Hanoi on June 26 upheld the charges and sentences against Dinh La Thang and five of his accomplices in the case involving the National Oil and Gas Group (PetroVietnam)’s contribution of VND800 billion to the Ocean Commercial Joint Stock Bank (OceanBank).

Appeal trial begins on case involving PetroVietnam, OceanBank

Appeal trial begins on case involving PetroVietnam, OceanBank

The High-Level People’s Court in Hanoi began to hear the appeals of Dinh La Thang and his accomplices in the case involving the National Oil and Gas Group (PetroVietnam)’s contribution of VND800 billion to the Ocean Commercial Joint Stock Bank (OceanBank).

Court upholds sentences for three former leaders of OceanBank

Court upholds sentences for three former leaders of OceanBank

The High-level People’s Court in Hanoi on May 4 upheld the charges and sentences for three former leaders of the Ocean Commercial Joint Stock Bank (OceanBank) ruled at the first-instance trial for their wrongdoings at the bank.

Appeal trial began for former OceanBank executives

Appeal trial began for former OceanBank executives

The High-Level People’s Court in Hanoi began to hear the appeals of Ha Van Tham, former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (OceanBank), and his accomplices for their wrongdoings at the bank.

Oceanbank fraud trial: Dinh La Thang appeals against court’s decision

Oceanbank fraud trial: Dinh La Thang appeals against court’s decision

Dinh La Thang, former Chairman of the Member Council of the Vietnam Oil and Gas Group (PetroVietnam), who involved in the notorious OceanBank case, has submitted his written appeal asking the Hanoi People’s Court for reconsidering his charge, penalty and civil responsibility.

Prison sentences proposed for defendants at OceanBank-PetroVietnam trial

Prison sentences proposed for defendants at OceanBank-PetroVietnam trial

A prison term from 18 to 19 years has been proposed for Dinh La Thang, former Chairman of the Vietnam National Oil and Gas Group (PetroVietnam), who was accused of wrongdoings in the group’s investment of VND800 billion (over US$35 million) into the Ocean Commercial Joint Stock Bank (OceanBank).

Trial on wrongdoings in PetroVietnam’s investment in OceanBank

Trial on wrongdoings in PetroVietnam’s investment in OceanBank

The Hanoi People's Court on March 19 opened a trial for Dinh La Thang and six accomplices who were charged with 'deliberately violating State regulations on economic management causing serious consequences' and 'abusing position and power to appropriate assets' regarding Petrol Vietnam's investment of VND800 bil into Ocean Bank.

Trial on wrongdoings in PetroVietnam’s investment in OceanBank

Trial on wrongdoings in PetroVietnam’s investment in OceanBank

The Hanoi People's Court on March 19 opened a trial for Dinh La Thang and 6 accomplices who were charged with 'deliberately violating State regulations on economic management causing serious consequences' and 'abusing position and power to appropriate assets' regarding PetroVietnam's investment of VND800 billion into OeanBank.

Dinh La Thang prosecuted for unlawful PVN capital contribution to OceanBank

Dinh La Thang prosecuted for unlawful PVN capital contribution to OceanBank

The Supreme People’s Procuracy has issued an indictment for its prosecution of Dinh La Thang and six accomplices accused of causing losses of VND800 billion (US$35.2 million) of the Vietnam Oil and Gas Group PetroVietnam (PVN) as capital contribution to the Ocean Commercial Joint Stock Bank (OceanBank).

Dinh La Thang disciplined for misdeeds at PetroVietnam

Dinh La Thang disciplined for misdeeds at PetroVietnam

Dinh La Thang, a Politburo member and Secretary of the Ho Chi Minh City Party Committee, has received an official warning and has no longer been part of the Politburo of the Party Central Committee for his past financial wrongdoings as head of the National Oil and Gas Group (PetroVietnam).

Party’s punishments decided for PVN former executives

Party’s punishments decided for PVN former executives

The Party Central Committee’s Inspection Commission has decided disciplinary actions for a number of former executives of the National Oil and Gas Group (PVN) for their serious legal violations that caused great economic losses and negatively affected the prestige of the Party Organization.

OceanBank case sent back for further investigation

OceanBank case sent back for further investigation

The Hanoi People’s Court on March 8 sent the Ocean Bank case back to the nation’s main prosecuting agency, the People’s Supreme Procuracy, for further investigation and reframing of charges.

All calm before the next M&A storm

All calm before the next M&A storm

The banking and finance sector has seen a multitude of deals taking place in various circumstances over the past years, covering all ends of the spectrum: voluntary and mandatory merger and acquisition (M&A) transactions, large and small-scale alike.

First instance trial held for former Construction Bank officials

First instance trial held for former Construction Bank officials

The Ho Chi Minh City People’s Court on July 19 opened the first instance trial on a corruption case involving over VND9 trillion (US$405 million) in the Vietnam Construction Bank (VNCB), the largest ever economic loss caused by corruption recorded in the country.