Asia

Evidence mounts against former Vinalines hierarchy

Hanoi: Evidence from Russia has put the life of former Vinalines chairman Duong Chi Dung back on the line. Dung is in the middle of a retrial, having been handed a death sentence late last year for corruption.

Documents provided by Russia showed yesterday that Vinalines bought an old floating dock at a cost nearly four times its original price of over $2m.

Dung and eight others are fighting the retrial.

At yesterday’s session, Tran Hai Son, former CEO of Vinalines Shipyard and one of the defendants in the case, continued to affirm that he had given Dung and another accused faced with the death penalty, Mai Van Phuc, former CEO of Vinalines VND10 billion ($474,000) each as part of the $1.666m kickback allegedly paid by Singapore brokerage AP to Vinalines officials following the purchase of the old dock.

The case continues.  [29/04/14]

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