(PLO)- Leaders and employees of the People’s Credit Fund appropriated money for personal consumption, leading to a deficit of more than VND 33.7 billion.
On the afternoon of July 17, the People’s Court of Dong Nai province issued sentences to 6 defendants for abusing trust to appropriate properties at Gia Kiem People’s Credit Fund (located in Gia Kiem commune, Thong Nhat district).
According to the indictment, Gia Kiem People’s Credit Fund was established in 1996 and there have been many changes in personnel. In which, Vu Van Hoa served as Chairman of the Board of Directors from 1998-2019.
Since 2008, Hoa, Xuyen, Dung, Hung, Loi, Ha, Quyen, Minh who are participants in the operation and management of Gia Kiem People’s Credit Fund have discussed and appropriated the fund’s money by directly standing. The name falsified credit records to borrow money for personal consumption but did not pay interest and principal.
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The defendants in court. Photo: VH |
When the contract was due to be finalized, the defendants made a new loan credit file to replace the previous loan contract; did not put deposits of more than 90 customers into lending activities for profit but appropriated money for personal consumption, leading to insufficient revenue to cover expenses, having to take money from depositors after paying principal and interest to customers. goods sent first… led to a deficit of more than 33.7 billion dong.
The jury found that this is a particularly serious case, taking place for a long time, with close collusion between the defendants and especially serious consequences, the ability to remedy and recover the paid assets. for related people (credit fund customers) is very difficult and affects the local security and order situation.
However, during the trial, the defendants sincerely declared, repented, and partially overcame the damage, thus reducing part of the punishment.
The jury decided to sentence defendant Pham Ngoc Xuyen (67 years old, former director) to 13 years in prison, Tran Ngoc Hung (78 years old, former treasurer) 10 years in prison, Vu Thanh Ha (63 years old, former credit officer) used) 12 years in prison, Tran Uy Quyen (61 years old, former controller) 12 years in prison, Tran Hien Minh (60 years old, former controller) 12 years in prison and Nguyen Tien Dung (46 years old, former chief accountant) 10 years in prison.
The court also ordered 6 defendants to pay a total compensation of more than 22.8 billion VND. Particularly, defendant Vu Van Hoa (former Chairman of the Board of Directors of Gia Kiem People’s Credit Fund) had to pay back more than 6.2 billion VND; Nguyen Van Loi (former head of the Fund’s Supervisory Board) had to pay back more than 3.7 billion VND. However, because the two defendants Hoa and Loi are dead, they reserve the right to sue Gia Kiem People’s Credit Fund with another civil case.
PROM