Dinh La Thang sentenced to 13 years for economic mismanagement

Monday, 2018-01-22 13:44:51
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Dinh La Thang
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NDO - Dinh La Thang, a former Politburo and chairman of the state-owned oil giant PVN, has been sentenced to 13 years in prison for deliberately violating state regulations on economic management.

>> Trial begins of former PVN chairman Dinh La Thang

Meanwhile Trinh Xuan Thanh, former chairman of PVC, a unit of PVN, was given a life sentence after being found guilty of both economic mismanagement and embezzlement.

Vu Duc Thuan, former general director of PVC, was sentenced to a total of 22 years in prison for the same offences as Thanh.

Other defendants received sentences ranging from 17 months to 16 years in jail for either economic mismanagement or embezzlement.

The verdicts were announced by the People’s Court of Hanoi on January 22 in a two-week trial that involves many former and current leaders of PVN, also known as PetroVietnam, and PVC.

According to court documents, Thang was found to have broken the law when assigning PVC to carry out the engineering, procurement and construction (EPC) package at the Thai Binh 2 power plant.

Thang then ordered his subordinates at PVN and the project management unit to advance money to PVC, which was later used by Trinh Xuan Thanh and his accomplices on other purposes rather than on the Thai Binh 2 project.