20-year prison term proposed for ex-Chairman of the VNCBA 20-year prison term has been proposed for Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB), for his involvement in the case of “deliberately violating State regulations on economic management, causing severe consequences” at VNCB. In this phase, they are accused of causing economic losses of more than 6.1 trillion VND (263.73 million USD) to VNCB. The first phase involved losses of 9 trillion VND (389 million USD). Following that, he deposited VNCB money in these three banks as guarantees for the 29 companies’ loans, causing over 6.1 trillion VND in losses to VNCB. Given his 30-year prison term announced in the first phase of the case, Danh will have to serve 30 years in prison (the highest level for a fixed prison sentence) if the court accepts the proposal.
