Dinh La Thang has been sentenced to 18 years in jail and to pay back VND600 billion ($26.5 million) at the trial over PetroVietnam’s capital contribution to OceanBank. Dinh La Thang and six defendants at the court This afternoon, after ten days of trial and deliberation, the Hanoi People’s Court announced the sentences of Dinh La Thang and six other defendants. The court issued sentences for the charge of “intentionally violating state regulations on economic management and causing serious consequences” (Article 165 of the 1999 Penal Code): Dinh La Thang Former chairman of PetroVietnam 18 years of imprisonment and pay back $26.5 million Nguyen Xuan Son Former deputy general director of PetroVietnam 30 months of imprisonment and pay back VND15 billion ($0.66 million) Ninh Van Quynh Former chief accountant of PetroVietnam 7 years of imprisonment and pay back VND100 billion ($4.4 million) Vu Khanh Truong Former member of Board of Directors 5 years of imprisonment and pay back VND40 billion ($1.76 million) Nguyen Xuan Thang Former member of Board of Directors 22 months of imprisonment and pay back VND15 billion ($0.66 million) Nguyen Thanh Liem Former member of Board of Directors 22 months of suspended imprisonment and pay back VND15… Read full this story
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