Phan Van Anh Vu prosecuted for economic loss in Dong A Bank

The Investigation Police Department under the Ministry of Public Security on April 18 issued a decision to prosecute Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company, for abusing position and power to misappropriate 200 billion VND (8.7 million USD) from the Dong A Bank (DAB).

Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company
The police also launched additional prosecution against Tran Phuong Binh, former general director of DAB, for the same charge according to Article 355 of the Penal Code 2015.

The same day, the Supreme People’s Procurary approved the prosecution decisions.

The police are expanding investigation into the case to recover the assets derived from crime of the accused.

On December 9, 2016, the police launched criminal proceedings for the economic crime at Dong A Bank. The same day, the police also prosecuted and detained Binh and other accomplices for deliberately violating State regulations on economic management, causing serious consequences and abusing trust to appropriate property.

Earlier, Phan Van Anh Vu was prosecuted on the charge of abusing position and power while performing public duty during the investigation of the purchase and sale of public houses and land in Da Nang and other cities and provinces. He was also prosecuted for deliberately revealing State secrets and tax evasion.

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