He said he had neglected the examination and supervision of the implementation of resolutions and decisions issued by the Member Council and not fulfilled his responsibility, leading to slow rectification of violating agencies and persons. He asked the judging council to make sound, legally-based and fair consideration of the former PetroVietnam staff, who he said had not been motivated by personal purposes, but the wish for the rapid development of the group as in line with its development strategy.
In addition, 13 to 14 years of imprisonment was sought for Thanh on the count of “deliberately violating State regulations on economic management, causing severe consequences”. The combined penalty for both charges is life imprisonment.A sentence of 8- to 9-year imprisonment was proposed for Vu Duc Thuan (former Director General of PVC) on the charge of “deliberately violating State regulations on economic management, causing severe consequences” and 18- to 19-year imprisonment for “asset embezzlement”, with the combined prison term for both charges is between 26 and 28 years in prison.For the 12 defendants charged with “deliberately violating State regulations on…... [read more]
The sentences proposed for all defendants are as follows:1. Dinh La Thang (former chairman of PetroVietnam’s Board of Directors): 14-15 years of imprisonment.2. Trinh Xuan Thanh (former chairman of the Board of Directors and general director of PetroVietnam Construction JSC - PVC): 13-14 years of imprisonment for “intentionally violating state regulations on economic management and causing serious consequences” and life imprisonment for “asset embezzlement.” Altogether, the Procuracy proposed sentence of life imprisonment to him.3. Phung Dinh Thuc (former general director of PetroVietnam): 12-13 years of imprisonment.4. Nguyen Quoc Khanh (former deputy general director of PetroVietnam): 10-11 years of imprisonment.5. Nguyen Xuan Son (former deputy…... [read more]
The Vietnam Economic News Thu Vien spoke with Vu Duc Thuan, general director of PetroVietnam Construction Joint Stock Corporation (PVC) about PVC development and achievements. PVX share of PVC was listed on the Hanoi Stock Exchange on August 19, 2009. How does this event influence on PVC operations? Our PVX share was listed on the Hanoi Stock Exchange in August this year when the securities market was increasing again due to recovery signals of the global economy. Capabilities, the prestige and business efficiency of PVC all make up the sustainable value of PVX share. PVC is one of companies that…... [read more]
Hundreds rallied Saturday in New York against plans to give the alleged 9/11 mastermind a civilian trial in the city, saying the court will be turned into an Al-Qaeda propaganda platform. "They are war criminals," one of the speakers, firefighter and US Marine Peter Regan, said to cheers. "The terrorists should be tried in a military court." The small crowd huddled under umbrellas in chilly rain outside Manhattan's federal courthouse where Khalid Sheikh Mohammed and four other 9/11 suspects are to be tried after transferring from the controversial US prison at Guantanamo Bay, Cuba. The courthouse is a few blocks…... [read more]
A Hanoi court suspended the trial of nine former executives from Asia Commercial Bank (ACB) and an associated company, on Wednesday afternoon, due to the absence of a defendant. The trial started in the morning, but in the afternoon, after a brief conference between the judge and jury, the trial was adjourned. The decision was made at the request of 75-year-old Tran Xuan Gia who was being treated at a local hospital for high blood pressure. Gia, former Minister of Planning and Investment, was the Chairman of ACB between 2008 and September 2012. They did not announce exactly when the…... [read more]