Two former Deputy General Directors of the Bank for Investment and Development of Vietnam (BIDV) were sentenced to a total of 14 years and six months behind bars after being found guilty of violating regulations on banking operations and related activities.

At the court

During the trial on November 2, the Hanoi People’s Court sentenced Tran Luc Lang to eight years in prison and Doan Anh Sang to six and a half years.

Six other defendants on the same charges received sentences of 3-7 years.

Former Director of the Trung Dung company Doan Hong Dung was jailed for 18 years, former General Director of the Binh Ha company Tran Anh Quang 13 years; and Dinh Anh Dung, also former General Director of the Binh Ha company, 12 years; and Nguyen Thi Thanh Son, former Director of the Ha Nam company, three years, all for abuse of trust to appropriate assets.

According to the indictment, from 2011 to 2016, taking advantage of his position, BIDV Chairman Tran Bac Ha directed his subordinates at BIDV and its Ha Tinh and Ha Thanh branches to illegally grant loans to the Binh Ha and Trung Dung companies, causing losses of over VND1.67 trillion US$72.37 million).