Eleven defendants, including several bank officers, are being prosecuted by Hanoi People’s Procuracy for creating false documents to steal money from banks in Hanoi and Thai Binh Province.
According to the indictment, the defendants stole over VND204 billion (US$10.5 million) from the State in 2003-2008.
Seven of the defendants were officers at the Bank for Investment and Development of Vietnam (BIDV)’s Dong Do branch and the Bank for Foreign Trade of Vietnam (VCB)’s Thanh Cong branch.
Tran Le Thuy, 40, BIDV Dong Do branch’s officer, colluded with other defendants, some of whom were VCB Thanh Cong branch officers, to modify and create false bank documents issued by VCB Thai Binh and VCB Thanh Cong branches.
The papers were then used as security to borrow money from BIDV Thai Binh and BIDV Dong Do branches.
The defendants used the money to invest in real estate, securities, gold and for individual expenditures. Most lost money on their investments, however, and were unable to return the funds.