Former Ocean Bank executives to be tried again on August 28VietNamNet Bridge – The first-instance hearing for Ha Van Tham, former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (Ocean Bank), and his accomplices will be reopened on August 28, according to the Hanoi People’s Court. Ha Van Tham, former Chairman of the Board of Directors of Ocean Bank (Source: laodong.com.vn)The trial for the case was first held on February 27. According to the court’s verdict, when working as Ocean Bank’s Chairman of the Board of Directors, Tham and his accomplices, who are other former leaders and employees of the bank, made a lot of credit-related violations causing losses for the bank and seriously affecting the State’s monetary policies. Their violations resulted in losses of nearly 2 trillion VND (88 million USD) for Ocean Bank. He had directed the bank’s staff to pay interest rates outside of the mobilising deposit contracts for customers.

Source: VietNamNet News August 18, 2017 09:56 UTC