Six prosecuted in asset appropriation case at Eximbank

The six defendants, who were charged with negligence leading to serious consequences for Eximbank, are Ho Ngoc Thuy, Nguyen Thi Ngoc Tram, Tran Nguyen Xuan Lan, Nguyen Thi, Cao Lan Phuong and Luong Quoc Anh. Their actions aided Le Nguyen Hung, former deputy director of the HCMC branch of Eximbank, to appropriate VND264 billion (US$11.3 million) from the accounts of the bank’s VIP customers.

From 2012 to 2017, Hung had falsified documents to withdraw money from 11 savings accounts of Chu Thi Binh and one saving account each of Phung Thi Tham and Le Thi Minh Qui.

Soon after the scandal, Hung fled overseas. He faces an international arrest warrant, so the investigators at the Ministry of Public Security decided to suspend the investigation into his violations.

The six defendants did not follow the bank’s procedures on authorization and cash withdrawal, thus assisting Hung in his offense.

According to the indictment, Thuy’s irresponsibility led to Hung’s appropriation of VND239 billion, while Tram was responsible for the appropriation of some VND15.4 billion; Thi and Lan of more than VND8.9 billion; Phuong, VND5.3 billion; and Anh, more than VND3 billion.

The HCMC branch of Eximbank has fully reimbursed the money to Binh, Tham and Qui.