HÀ NỘI – The first-instance hearing of Hà Văn Thắm, former chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank, Ocean Bank, and his accomplices will reopen on August 28, according to the Hà Nội People’s Court. They include civil plaintiffs, those who were involved in interests and duties, witnesses and assessors. Their violations resulted in losses of nearly VNĐ2 trillion (US$88 million) for Ocean Bank. However, on March 8, the Hà Nội People’s Court sent it back to the nation’s main prosecuting agency, the People’s Supreme Procuracy, for further investigation and reframing of charges. The US-educated banker, who was one of the richest man in 2013 based on stock holdings, previously won several national awards for outstanding entrepreneurship.

Source: Viet Nam News August 20, 2017 10:18 UTC