Business

Black background of Vice President of Bao Viet Bank VietNamNet Bridge - Mr. Le Trung Hung, Vice President of the Bao Viet Bank, previously worked in the customs service and was prosecuted for "taking bribes" and "taking advantage of influence on people of power to seek profit." He was sentenced to 3 years' probation for the above behavior by the Ho Chi Minh City People's Court.   Mr. Le Trung Hung (right). However, in the dossier submitted to the State Bank of Vietnam (SBV) for approval as a member of the Board of Directors of the Bao Viet Bank, Le Trung Hung’s personal record is clean. The CV that was verified by the Hanoi Department of Justice also confirmed that Hung’s personal record was clean. On December 26, 2008, the State Bank of Vietnam issued a decision on the approval of the members of the Board of Directors, the Supervisory Board and the General Manager of the Bao Viet Bank. According to this decision, the Governor of the State Bank of Vietnam appointed Mr. Le Trung Hung as a member of the Board of Directors. After Mrs. Nguyen Thi Phuc Lam resigned as the Chair of the Board of Directors, Bao Viet Bank has not elected the new Chair. The bank has been operated by four members of the Board of Directors, including Mr. Hung as one of three permanent vice presidents cum the president of the credit council. But according to the résumé of Hung, provided to VietNamNet by the General Department of Customs, during the time Hung worked at this agency, he was prosecuted for "taking bribes" and “taking advantage of influence on people of power to seek personal interests." Hung was sentenced to 3 years in prison for the above behaviors by the Ho Chi Minh City People's Court. According to the documents of the General Department of Customs, on May 6, 1996, Hung was appointed Deputy Director of the Smuggling Investigation Division. Because of bad rumors about Hung, Mr. Phan Van Dinh, Director of the General Department of Customs had to reshuffle Hung to the Sa Ky Border Gate in Quang Ngai province. A period of time later, Hung was restored to his previous position – head of the Smuggling Investigation Division, an important post in the General Department of Customs. Soon after, Hung was rumored to take bribes. In early 1998, he lost this position again. From July 1998 to May 2000, Hung was the chief of the marine customs inspection team in Da Nang. Hung was invested for his involvement in the smuggling case of Tan Truong Sanh Company. On October 30, 2002, the police arrested Hung for taking bribes. He was a subject in a drug trafficking case. In June 2004, the HCM City People's Court sentenced Hung to 3 years’ probation for "taking advantage of influence on people of power for seeking personal interests." Before the hearing, Hung was expelled from the Communist Party and be disciplined. From August 18, 2006, Hung resigned from the General Administration of Customs. After leaving the agency, he did business and then joined the Bao Viet Bank. The question is why the Bao Viet Bank, the Bao Viet Group, the State Bank of Vietnam, the Ministry of Finance and the relevant agencies assigned such a man to the key positions of the bank with 52 percent of the capital contributed by the State? VNN