Court sentences former Trust Bank senior advisor to 30 years in jailVietNamNet Bridge – Twenty-eight former officials of Dai Tin Bank (Trust Bank - now the Viet Nam Construction Bank) charged with "abusing trust to appropriate property" and "intentionally violating State regulations on economic management and causing serious consequences" were sentenced to three to 30 years in jail by the HCM City People’s Court on May 31 after a three-week trial. She was sentenced to 30 years in jail and must pay compensation of VND16.7 trillion (US$733 million) on both charges. Phan abused her holding of nearly 85 per cent of the bank’s charter capital to take over the management of all Trust Bank activities. She abused trust to appropriate and misuse more than VND12 trillion (nearly $530 million), the court said. She also asked Trust Bank to illegally invest in four other real estate projects, embezzling over VND1 trillion ($44 million), and raised the value of another 25 properties sold to Trust Bank, embezzling over VND1 trillion ($44 million), according to the court.

Source: VietNamNet News June 01, 2018 04:41 UTC