On the afternoon of May 30, the Ho Chi Minh City People's Court continued the first-instance trial of defendant Chu Tien Dung, 61 years old, former General Director of Saigon Industry Corporation - One Member Co., Ltd. (CNS) and 9 accomplices for violating regulations on management and use of State assets, causing loss and waste.

At the trial, the representative of the Ho Chi Minh City People's Procuracy argued and proposed sentences for the defendants.

Defendant Chu Tien Dung was proposed to be sentenced to 7 - 8 years in prison; Do Van Nga (56 years old, former Chief Accountant of CNS) to 6 - 7 years in prison; Nguyen Hoanh Hoa (65 years old, former Chairman of the Board of Members of CNS) to 3 - 4 years in prison.

Nguyen Hoang Anh (41 years old, former Chief of Office, Deputy General Director of CNS) was proposed to be sentenced to 3 - 4 years in prison; Pham Thuy Oanh (51 years old, former Chief Accountant of TIE, representative of CNS's capital contribution at TIE) to 24 - 30 months in prison but given a suspended sentence;

Hoang Minh Tri (50 years old, former member of TIE's Board of Directors, representative of CNS's capital contribution at TIE) 30 - 36 years in prison but suspended sentence; Le Viet Ba (41 years old, former Deputy Head of Finance - Accounting Department of CNS) 24 - 30 months in prison but suspended sentence;

Nguyen Duc Vuong (50 years old, former Chief of CNS Office) 30 - 36 months in prison but suspended sentence; Vu Le Tung (57 years old, former Deputy General Director of CNS) was proposed to be sentenced to 18 - 24 months in prison, suspended sentence; Huynh Tan Tu (54 years old, former Deputy General Director of CNS) 15 - 18 months in prison, suspended sentence.

The representative of the People's Procuracy stated that at the time of the crime, defendant Chu Tien Dung was the General Director of CNS, so he must bear primary responsibility for the loss of more than 17.3 billion VND from the reward fund at CNS. Defendant Dung was also an accomplice who actively assisted defendant Nguyen Hoanh Hoa in causing a loss of more than 4.6 billion VND when divesting CNS's capital at TIE.

" Defendant Chu Tien Dung is the mastermind, throughout all criminal acts. And the defendant's actions caused a loss of state assets of more than 22 billion VND," the representative of the People's Procuracy analyzed.

According to the indictment of the Supreme People's Procuracy, 10 defendants in this case were accused of causing a loss of nearly 22 billion VND at CNS. Of which, 17.3 billion VND was from the CNS reward fund and 4.689 billion VND was from the divestment of CNS's investment capital at TIE Joint Stock Company.

CNS is a 100% state-owned enterprise, under the People's Committee of Ho Chi Minh City.

As of December 1, 2015, Decree No. 91/2015 regulating State capital investment in enterprises and management and use of capital and assets at enterprises takes effect.

The individuals who are the CNS Board of Directors, the leaders of the CNS Finance - Accounting Department and the CNS Office clearly know that CNS must issue new regulations on management and use of the reward fund according to the provisions of Decree 91 to replace the old regulations for management and use of the reward fund.

In addition, due to the consensus among the CNS leadership on the use of funds from the CNS reward fund for foreign affairs and diplomacy, when there was a proposal to spend money, the CNS Board of Directors and the accounting and finance department did not check the information on the recipients of the rewards, specific achievements, and the basis for giving rewards to units and individuals, but still signed the submission and payment vouchers, and did not check the use of the reward money.

In particular, defendant Chu Tien Dung, as General Director of CNS, directly approved the disbursement of a total amount of more than 17.3 billion VND from CNS's reward fund based on 106 proposals from departments/offices under CNS.

The indictment also determined that in the period of 2015 - 2016, when implementing the directive documents of the Ho Chi Minh City People's Committee on the implementation of the restructuring plan and divestment of CNS's investment capital at TIE Joint Stock Company, the individuals who were leaders of CNS did not comply with the provisions of law and the directives of the Ho Chi Minh City People's Committee related to the management of CNS's investment capital at TIE, causing a loss of more than 4.6 billion VND.

Regarding Vu Quoc Vinh (representing 61% of CNS's capital contribution at TIE Company), because this defendant is on the run, the Security Investigation Agency has issued a wanted notice and temporarily suspended the investigation, separating the case for independent trial.

Hoang Tho