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Dinh La Thang gets 13-year jail term
The Saigon Times Daily
Tuesday,  Jan 23, 2018,22:59 (GMT+7)

Dinh La Thang gets 13-year jail term

The Saigon Times Daily

Dinh La Thang - PHOTO: VNA

HCMC – The Hanoi People’s Court yesterday sentenced former Vietnam Oil and Gas Group chairman Dinh La Thang to 13 years in jail and former PetroVietnam Construction Corporation chairman Trinh Xuan Thanh to life imprisonment.

The court verdict said Dinh La Thang was found guilty of intentionally violating State regulations on economic management causing serious consequences. Meanwhile, Trinh Xuan Thanh was sentenced to 14 years in prison on the same count and to life in jail for embezzlement, so with the two sentences combined, Thanh will stay behind bars for the rest of his life.

Prosecutors earlier sought a jail term of 14-15 years for Thang, and both a prison term of 13-14 years and a life sentence for Thanh on both counts. The sentences for other defendants ranged from two to 28 years behind bars.

At the conclusion of the trial, the jury said there is enough evidence for the court to conclude the 22 defendants are guilty.

Trinh Xuan Thanh - PHOTO: VNA

With haphazard investments and five loss-making projects assigned by PVN, PVC faced imbalanced investment flows in 2010.

Despite having known PVC’s financial difficulties and inability to act as contractor of a major thermal power project, Dinh La Thang still picked PVC as the engineering-procurement-construction (EPC) contractor of Thai Binh 2 thermo-power plant.

Though the project lacked many documents and legal procedures, Thang told his subordinates to sign EPC contract No. 33 with PVC, a unit of PVN.

PVN also made an advancement of over US$6.6 million and VND1.312 trillion for PVC but the money was used for wrong purposes by Thanh, leading losses of over VND119 billion.

Delays in Thai Binh 2 project resulted in cost overruns amounting to trillions of Vietnam dong, not to mention opportunity costs from unused equipment and machines.

At the trial, Thang accepted responsibility in his capacity as board chairman, saying he was determined to shorten the project implementation process, which led to wrongdoing. However, he did not acknowledge responsibility for the signing of EPC contract No. 33 on Thai Binh 2 project and for PVC’s wrong use of the advanced amount.

As for Thanh, he said he was aware of PVC’s inability to act as EPC contractor of Thai Binh 2 project but still told his subordinates to sign the EPC contract. However, he declined to take responsibility for the wrong use of the money advanced by PVN. Thanh pleaded not guilty of embezzling over VND13 billion.

The jury also proposed the police clarify other damages resulting from the case.

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