Trial held for 28 former officials of Dai Tin BankThe Ho Chi Minh City People’s Court on May 8 opened the first trial for 28 former officials of Dai Tin Bank (Trust Bank) – predecessor of the Vietnam Construction Bank (VNCB) for "abusing trust to appropriate property" and "deliberately acting against State regulations on economic management and causing serious consequences". Defendants at the court on May 8Hua Thi Phan, former senior advisor of the management board of Trust Bank, did not appear in the court because of reportedly poor health. At the court, lawyers defending Phan proposed postponing the trial due to Phan’s health. Phan then sold the house to Trust Bank and appropriate and cause damage of over 1.105 trillion VND. The court rejected Phan lawyers’ proposal of postponing the court due to her physical problem, holding that her absence does not affect the judging process.

Source: VietNamNet News May 08, 2018 16:07 UTC