Clarification bad debt payments for Phu My Group also holds NH era Trust between 4000-5000 billion, defendant Pham Cong Danh said the money mainly comes from VNCB. (From two counts of defendants indicted in this case).
According to the defendant List by unsold property should he take money from VNCB. He offered to make the list this money for VNCB. At the time of transfer, the bank's charter capital is 3,000 billion Trust, the owner is negative 2.800 billion, accumulated loss over 6000 billion.
Panel questioning, based on where the defendant acquired the Trust Bank in the amount of more than 4600 billion, while capital just over 100 billion bank? Reply to the Panel, the Trust purchased NH, Pham Cong Danh expect financial potential. Simultaneously, the bank's assets also include two pieces of land in District 2 and under valuation Nha thousands billion.
As at that time, the central bank is controlled VNCB by state banks are weak, unable to raise funds, the money can not be withdrawn to maintain liquidity should the accused list to raise capital in addition to interest rate contract.
The maintenance of contractual interest rates, real estate sales hopes will warm again. Two properties in Nha Be District 2 and have the money to his bank restructuring. Under former President VNCB, according to two surveys on the property around 7000 billion.
Date 29/07/2016 10:15
Direct: Pham Cong list shout victims of hectares involved hinh van 0
The defendants in court
Date 29/07/2016 10:12
Questioning related to the transfer of shares nearly 85% for the former shareholders of NH group Trust representative Ms. Hua Thi Phan (Phu My group), Pham Cong Danh, but remember there is a content deal agreed Conveniently, he does not remember. The amount of shares, he does not remember exactly.
However, Pham Cong Danh said, initially unaware that his group Phu Bank Trust to start from Ha Van Tham.
After repeated exposure to Ha Van Tham, the problem of the construction of the bank in the field of construction, Tham Pham Cong Danh recommend "What makes the new bank. I introduced him to a bank ". Because investing too much money - give Ha Van Tham 500 billion, should pledge more assets mired defendants List.
"This is the biggest reason that I could not pull out bank Trust. "I am a victim of this bank," Pham Cong Danh warm memories voice.
Date 29/07/2016 09:44
Regarding the restructuring scheme, the former Chairman VNCB confirmed by Phan Thanh Mai wrote. According to the restructuring scheme NH Trust, Mr. List represents a new group of shareholders (including 21 shareholders of which are published by Pham Cong Danh Pham Toan).
About the money to restructure banks, Pham Cong Danh because then trust Thien Thanh Group is good business management major real estate source. Account balance at the bank many of which in the Investment Bank is about 1000 billion.
With the new shareholders group, many people do not have the financial, some people have the ability, but after learning about the situation in Trust Bank has not participated withdrawal.
According to the list, before reality "special emergency" Bank Trust that time, he was considering not implementing structural NH, but still made for the encouragement of the central bank chief inspector that time . When the speaker asked the name of the Chief Inspector of the State Bank, former chairman remembered VNCB unknown.
Former Chairman of the Board since, leaders of the central bank said it could not establish a new bank, unable to restructure by State funds. "I calculated abandon, ready to take hundreds of billion earlier," he told List.
Back to context, from the encouragement, he decided to perform list restructure banks. He believes in the financial resources of the Group Thien Thanh helps successful restructuring.
He said no one forced her perform Trust bank restructuring. Motivation to former President VNCB roll up into the credit sector is "trust". The defendant's belief has led many people to court, said Pham Cong Danh voice concerns.
According to Pham Cong Danh, a situation that the restructuring scheme is never mentioned, it is the customer care is too high. He suggested, considering his behavior must also consider circumstances that point because banks are Trust status "special emergency". All that time banks are state "lobby rates".
Date 29/07/2016 09:05
Before publication, Pham Cong Danh refute. Under former Chairman VNCB, he deals with Ha Van Tham. At that time, Ha Van Tham brought the bank to manage and Trust. The transfer of shares, Mr List Ha Van Tham pay 500 billion in receipts and papers. And the shares of Phu My group, how much money, former President VNCB not remember because time is too long.
Amount 500 billion to pay for Ha Van Tham, Pham Cong Danh out, that's just the cost of payments to customer care and this is not the final figure.
Pham Cong Danh said that the bank takeover Trust really "shocked" because the cost of customer care so big because sometimes up to 6-7%. "The interest rate ceiling not right with the regulations of the central bank," he admits List.
Continuing publicity, said the accused list, then, the cost of customer care by affiliates not fully paid. Branch of Trust Bank asked to pay because they have to borrow money.
Date 29/07/2016 08:59
Back to the "holding" Trust Banking, Pham Cong Danh after the first transaction with Ha Van Tham - former Chairman of Ocean Bank. However, turning over records, chaired the originally announced transaction with Pham Cong Danh Ha Van Tham. At that time, the former president of Ocean Bank also wants to "buy" Bank Trust.
However, the central bank does not agree because there is no state a private group owned two weak banks. At that time, the Bank is also Oceania weak banks. Therefore, Ha Van Tham and Ms. Hua Thi Phan - Phu My group of shareholders in Bank Trust can not proceed to the transfer of shares. Defendant List then met Tham Phu My team approach.
Date 29/07/2016 08:46
Direct: Pham Cong list shout victims of hectares involved hinh van 1
9.000 billion higher judicial court: illegal loan trillion dongs loan as easy as ...
VOV.VN - The trial against Pham Cong Danh and accomplices in the crime of causing losses of 9,000 billion in VNCB continue questioning this morning
Date 29/07/2016 08:40
Before answered meandering of Pham Cong Danh, presiding announced collects documents about the professional qualifications of the accused. Accordingly, a bachelor's in business administration, Pham Cong Danh graduated on time from 1987 to 1991.
But history says this time, the accused lived and worked in Quang Ngai. Verification at the HCM City Economics University student no name Pham Cong Danh. Defendants filed by SBV to consider as Chairman VNCB is by imitation. "Suggest VKS consider handling accused of using fake degrees", chaired harshly.
Date 29/07/2016 08:35
Even this morning, the Panel began questioning Pham Cong Danh. Former Chairman VNCB asked about the indictment has not been heard, the Panel received responses Pham Cong Danh is: "Defendants have heard, read, but due to poor memory and can not remember much."
Start presentation, Pham Cong Danh ask the Panel to consider the context of the time of the offense.
Direct: Pham Cong list shout ha van taking victims of Figure 2
Pham Cong Danh defendant questioning
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