Dung had been on the run since mid-May last year, when an indictment and arrest warrant were issued for him, before being captured by police in September 2012. — Photo nld

HA NOI (Biz Hub)— The former chairman of the Viet National Shipping Lines (Vinalines) will stand trial next Thursday, December 12, in what is considered one of the most anticipated corruption trials in recent years.

According to information released yesterday at the Ha Noi Supreme People's Court, Duong Chi Dung and nine accomplices are charged with "intentionally violating State regulations on economic management, causing serious consequences" during his time heading Vinalines which suffered losses.

Also, four people are charged additionally with "embezzlement of state property."

Dung had been on the run since mid-May last year, when an indictment and arrest warrant were issued for him, before being captured by police in September 2012.

Under his leadership, a number of violations took place at the State-owned logistics company from 2007-10. One violation related to the purchase and repair of floating dock 83M. The initial cost was pegged at US$14.13 million, but later skyrocketed to $24.3 million.

Originally built in 1965, the dock did not meet licensing or registration requirements and has been unsuitable for use for years.

Dung, 56, was promoted to head of the Viet Nam Maritime Department in February 2012. — VNS