Former Oceanbank General Director prosecuted

The Investigation Police Agency under the Ministry of Public Security on July 21 issued a decision to prosecute, arrest and conduct a search at the home of Nguyen Xuan Son, former General Director of the Ocean Commercial Joint Stock Bank (Oceanbank).

The prosecution decision and arrest order were ratified by the Supreme People’s Court earlier the same day, in line with the regulations of Articles 80 and 143 of the Penal Code. 

During the expanded investigation into the case involving Ha Van Tham, former Chairman of the Oceanbank Boards of Directors, the Investigation Police Agency determined that Son worked as an accomplice of Tham when he held the position of Oceanbank General Director from December 2008 to November 2010. 

Son was charged with “abusing position and power while on duty causing serious consequences,” and “deliberately violating State regulations on economic management causing serious consequences”. 

After working at Oceanbank, Son was appointed to Chairman of the Members’ Council of the Vietnam National Oil and Gas Group (PVN) in July 2014. On July 19, 2015, the Prime Minister signed a decision to remove Son from his post.