Trial of Tram Be case started

12:09 | 09/01/2018
On January 8, 2018, the trial of “intentionally violating state regulations on economic management and causing serious consequences” at Vietnam Construction Bank (VNCB), Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), Tien Phong Bank (TPBank), and Bank for Investment and Development of Vietnam (BIDV) started. 
Defendants Pham Cong Danh and Tram be at the court 

According to the jury, Pham Cong Danh, who is also ex-chairman of the Board of Members and general director of Thien Thanh Group, played a key role in directing other defendants to conduct illegal behaviours for an extended period of time, causing a total economic loss of over VND9 trillion ($396 million) for VNCB.

The violation affected the rights and obligations of hundreds of organisations and individuals. 45 of the major organisations affected include:

  1. VNCB
  2. Sacombank
  3. TPBank
  4. BIDV
  5. Vietnam Bank for Agriculture and Rural Development (Agribank)
  6. Viet Capital Bank   
  7. Ocean Commercial One Member Limited Liability Bank (Ocean Bank)
  8. Thien Thanh Long Hai Co., Ltd.
  9. Thien Thanh Group
  10. Trung Dung Co., Ltd.
  11. Thach Ha JSC., Co.
  12. Quoc Thang Business and Building Co., Ltd.
  13. Nhat Nhat Vinh Commerce and Service Co., Ltd.
  14. Bao Gia Investment and Development Real Estate Co., Ltd.
  15. Thanh Thanh Cong Co., Ltd
  16. Dai Long House Business and Building Co., Ltd.
  17. Huong Viet Construction Co., Ltd.
  18. Phong Hiep Trading Service Co., Ltd.
  19. Phuoc Dai Construction Co., Ltd.
  20. Quang Dai Construction Service and Trade Co., Ltd.
  21. Phu Nguyen Co., Ltd.
  22. Cuong Tin Construction Co., Ltd.
  23. Tuan Van Co., Ltd.
  24. Thanh Quang Co., Ltd.
  25. JSC An Phat Trading and Service Co., Ltd.
  26. Huong Viet Co., Ltd.
  27. Thanh Tri Co., Ltd.
  28. Thien Trang Pham Co., Ltd.
  29. Number One Ha Nam Co., Ltd.
  30. Thanh Tung Private Enterprise
  31. My A Chau JSC
  32. A Chau International Import Export Trading Investment Joint
  33. Phu An Infrastructure Development and Investment Corporation
  34. Phu Gia JSC
  35. Thinh Quoc Construction Service Trading Co., Ltd.
  36. Viet Trung Production and Trade Co., Ltd.
  37. Hong Linh Investment and Construction Traffic Corporation
  38. Hy Dia Co., Ltd.
  39. Bao Linh Corp.
  40. Duc Long Gia Lai Group JSC.
  41. Ngoc Dong Duong Co., Ltd.
  42. Hung Thinh Co., Ltd.
  43. Phuc Van Construction Co., Ltd.
  44. Viet Wealth Capital
  45. State Bank’s judicial expertise group consists eight members (Ho Quang Binh, Le Duc Khoi, Tran The Quynh, Nguyen Dinh Hieu, Than Ngoc Thang, Vo Thi Thu Ha, Nguyen Thi Huong, Vu Huy Quang).

Ealier on January 24 last year, at the first instance hearing, the Ho Chi Minh City People’s High Court upheld the sentence of 30-year imprisonment to former VNCB chairman Pham Cong Danh for “deliberately violating state regulations on economic management causing severe consequences” and “violating lending regulations of credit institutions.”

SBV removes father and son board members at Sacombank SBV removes father and son board members at Sacombank

The State Bank of Viet Nam yesterday terminated Tram Be’s and Tram Khai Hoa’s membership in the management board at Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank).

Higher court upholds 30-year jail term for former bank executive Higher court upholds 30-year jail term for former bank executive

Ho Chi Minh City People’s High Court on January 24 upheld the lower court’s 30-year imprisonment sentence given to former Chairman of the Vietnam Construction Bank (VNCB) Board of Directors Pham Cong Danh.

Court hears Việt Nam Construction Bank ex-officials’ appeal Court hears Việt Nam Construction Bank ex-officials’ appeal

HCM City People’s Court today began to hear the appeal of Phạm Công Danh, chief of Việt Nam Construction Bank (VNCB), and 35 of his accomplices in a corruption case.

Court hands down 30 year sentence to former bank executive Court hands down 30 year sentence to former bank executive

The HCM City People’s Court has upheld a 30-year prison sentence for Phạm Công Danh, a former bank executive, for his wrongdoings and violations of banking rules.

By By Minh Vu

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