• 22 January 2018
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PetroVietnam top managers sentenced to jail terms for corruption

The former leaders of a few departments of the Vietnamese state oil and gas company PetroVietnam have been sentenced to prison terms for their corruption crimes, VNExpress reported.

Former Vietnam Transport Minister Dinh La Thang, who used to chair the PetroVietnam board is the most senior defendant. He was found guilty of embezzling state money: the official signed documents on investing in Ocean Bank, which then went bankrupt. He also appointed PetroVietnam’s subsidiary PetroVietnam Consrtruction the leading contractor for building Thai Binh 2 Thermal Power Plant despite it lacked sufficient qualification.

Trinh Xuan Thanh, the former board chairman of the firm, got a life sentence. The court found that he had failed to prevent the violations, which eventually led to a cost overrun and project delay, and also took bribes.

In total, the court sentenced 22 defendants, among whom are former employees of the corporation, its subsidiaries and related companies. 16 of them were jailed for periods ranging from 6 to 14 years, and four others were given suspended sentences.

Previously, PetroVietnam former head Nguyen Xuan Son had been sentenced to death for embezzling money at Ocean Bank.

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