Former Vinalines boss faces prosecution

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Former chairman of the Vietnam National Shipping Lines (Vinalines) Duong Chi Dung and nine others face prosecution on charges of intentionally violating State regulations on economic management that caused severe consequences (Article 165, the Penal Code), and misappropriating public property (Article 278, the Penal Code).

Former chairman of the Vietnam National Shipping Lines (Vinalines) Duong Chi Dung

Files of the case were conveyed to the People’s Supreme Court on October 14 by the Investigation Police Agency under the Ministry of Public Security.

Under Dung’s leadership, a number of violations were carried out at the State-owned logistics company from 2007-2010.

One blunder related to the purchase and repair of Floating Dock 83M. The initial cost was pegged at 14.13 million USD but later skyrocketed to 24.3 million USD. Originally built in 1965, it did not meet licensing registration requirements and has been unsuitable for use for years.

Dung was arrested on September 4, 2012 following an international manhunt that lasted several months. He had been on the run since May 17 when an indictment and arrest warrant were issued for him.

Earlier in July, police arrested six other people suspected of conspiring with Dung.