Ex-leaders of State-owned steel firms stand trial The defedants at the first-instance trial that opened on April 12 The first-instance trial, held by the Hanoi People's Court, is expected to last 10 days. Fourteen defendants were charged with "violating regulations on the management and use of State assets, causing losses and wastefulness" under Clause 3 of Article 360 in the 2015 Penal Code. They included Tran Trong Mung (born in 1949, former General Director of TISCO), Tran Van Kham (born in 1961, former Chairman of the Board of Directors and General Director of TISCO), Mai Van Tinh (born in 1952, former Chairman of the VNS Board of Directors), and Dau Van Hung (born in 1951, former General Director of VNS). Two former members of the VNS Board of Directors and three former members of the TISCO Board of Directors were accused of "lacking sense of responsibility, causing serious consequences" under Clause 3 of Article 360 in the 2015 Penal Code. According to the indictment issued by the Supreme People's Procuracy, the VNS Board of Directors decided the investment in the second-phase production expansion project of TISCO and TISCO was the investor of the project. This project initially had total investment… Read full this story
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