The High-Level People’s Procuracy in Hanoi on June 22 proposed upholding the first-instance sentences for Dinh La Thang and his accomplices in the case involving PetroVietnam’s contribution of 800 billion VND (35.2 million USD) to Oceanbank.
The High-level People’s Court in Hanoi upheld the 13-year jail sentence for Dinh La Thang, former Chairman of the Member Council of the Viet Nam Oil and Gas Group (PetroVietnam) during an appeal court on Monday.
Proposed sentences for 22 defendants involved in serious economic mismanagement and misappropriation at the State-owned oil group were announced by prosecutors yesterday as the high-profile trial enters the open-debate process.
The Supreme People’s Procuracy has issued an indictment for its prosecution of Dinh La Thang and six accomplices accused of causing losses of VND800 billion ($35.2 million) of the Vietnam Oil and Gas Group PetroVietnam (PVN) as capital contribution to the Ocean Commercial Joint Stock Bank (OceanBank).
There are many opportunities for HCMC and Japanese localities to boost the cooperation relationship and the city will always accompany foreign investors including Japanese firms, affirmed HCMC party leader Dinh La Thang.