Vietnamese ex-Politburo member faces indictment for violations at state-run bio-fuel firm
Dinh La Thang is expected to be indicted for serious errors at the Petrochemical and Bio-Fuel JSC
Dinh La Thang is expected to be indicted for serious errors at the Petrochemical and Bio-Fuel JSC
Thang is already serving two jail terms totaling 31 years on other charges
Dinh La Thang was found guilty of acting against state regulations on economic management in PetroVietnam’s loss of US$35.2 million worth of investment in OceanBank
Dinh La Thang was previously sentenced to 13 years in prison in a separate case
Dinh La Thang was sentenced to 13 years in prison for deliberately violating state regulations
Dinh La Thang and 21 other defendants are accused
Dinh La Thang could be imprisoned 10 to 20 years for deliberately violating state regulations
Related prosecutions are expected to include over 20 other suspects, including the subsidiary’s board chairman
The investigation result has been submitted to the Supreme People’s Procuracy for the next step of the legal proceedings
Thang is being investigated for his role in the losses of US$35.24 million in PetroVietnam’s investment in OceanBank