The Ha Noi People’s Court yesterday opened the first hearing in the case of ex-banker Ha Van Tham and other 50 defendants for serious violations of State monetary policies.
The first-instance hearing of Ha Van Tham, former chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank, Ocean Bank, and his accomplices will reopen on August 28, according to the Ha Noi People’s Court.
Former Ocean Bank chairman Ha Van Tham admitted his violations on Thursday, saying his actions were aimed at saving his job and preventing the bank from going bankrupt.
Former Deputy General Director of Ocean Commercial Joint Stock Bank
Nguyen Van Hoan was prosecuted and arrested on December 22, for
allegedly violating State regulations on credit institutions'' lending
operations.
Nguyen Minh Thu, newly-appointed chairwoman of the Ocean Bank board of
directors, has announced that the bank''s liquidity remained well-managed
following an increase in the number and amount of bank withdrawals.
The members of the management board of Ocean Hospitality, a subsidiary
of the Ocean Group, have temporarily appointed Huynh Trung Nam as their
chairman.