Former OceanBank Can Tho Branch Director Nguyen Quoc Truong receives legal proceedings notification. (Source: TTXVN)
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On the evening of November 13th, the Can Tho City Police Investigation Agency announced the prosecution and temporary detention of three former leaders and staff members of OceanBank’s Can Tho Branch.
These individuals are under investigation for “Violating lending regulations in the operations of credit institutions,” related to improperly approved disbursements that cannot be recovered, causing a total loss of VND 35.6 billion to the bank.
The three indicted and detained suspects are: Nguyen Quoc Truong (born in 1975, residing in Ninh Kieu Ward), former Director of OceanBank’s Can Tho Branch; Huynh Quoc Huy (born in 1976, residing in Cai Rang Ward), former Head of Business Planning at OceanBank’s Can Tho Branch; and Pham Vu Huy (born in 1986, residing in Tan An Ward), former business specialist in the bank’s Customer Business Department.
According to initial investigation results, Pham Vu Huy, as a business specialist, was assigned to directly handle loan applications. His responsibility was to inspect and appraise the value of collateral goods from Hau Giang Food Joint Stock Company before disbursing funds under Collateral Contract No. 30/2014/HĐTC/OJBCT, signed on March 31, 2014.
However, during his duties, Huy conducted lax and improper inspections, failing to detect that Hau Giang Food Joint Stock Company had inflated the quantity and value of collateral goods. Despite not fulfilling his responsibilities, on March 31, 2014, Pham Vu Huy still prepared two disbursement proposals.
As for suspect Huynh Quoc Huy, in his role as Head of Customer Business, he was tasked with directly handling the application and jointly inspecting the collateral goods with Pham Vu Huy. He also conducted improper and non-compliant inspections, failing to identify the inflated assets of the company.
Consequently, Huynh Quoc Huy signed off on the two proposals drafted by Pham Vu Huy, recommending disbursement.
Suspect Nguyen Quoc Truong, then Branch Director, assigned Pham Vu Huy and Huynh Quoc Huy to inspect the collateral goods under the March 31, 2014 contract.
Truong failed to oversee the inspection and appraisal process conducted by his subordinates, thus not detecting the inflated quantity and value of collateral goods by Hau Giang Food Joint Stock Company.
Based on these proposals, Huynh Quoc Huy and Nguyen Quoc Truong approved two disbursements totaling VND 35.6 billion to Hau Giang Food Joint Stock Company.
Investigators determined that VND 10.53 billion of this amount exceeded the maximum funding ratio. The entire VND 35.6 billion is now unrecoverable, causing significant losses to the bank.
The case is under further investigation by the Can Tho City Police Investigation Agency to clarify all details./.
Thanh Liêm
– 05:48 14/11/2025
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