On 8/5, Can Tho City Police announced the prosecution of Vo Truong Hung (49) and Tran Xuan Mai (64), former head of accounting at Hau Giang Food Company. They face charges of fraudulent appropriation of property under Article 174 of the Penal Code. Investigators also indicted Pham Thi Ngoc Diem (39), a former customer business specialist at Oceanbank Can Tho branch, for violating lending regulations in the operations of credit institutions, as per Article 179 of the Penal Code.

Investigators allege that Hung and Mai were directly involved in the Hau Giang Food Company's scheme to inflate the quantity and value of collateral in loan applications submitted to Oceanbank Can Tho branch in 2014. This manipulation led to the fraudulent disbursement of funds.

The former bank director and his subordinates improperly approved and disbursed over 35.6 billion VND. Notably, 10.5 billion VND of this amount exceeded the maximum financing ratio permitted. This entire debt is now deemed unrecoverable, causing substantial financial damage to the bank.

Vo Truong Hung listens to the prosecution decision. *Photo: Can Tho Police*

Hung and Mai are currently serving sentences for a separate case of intentionally acting against state regulations on economic management, causing serious consequences, which occurred at Hau Giang Food Company and resulted in losses exceeding 200 billion VND. Earlier, in 11/2025, Can Tho City Police had already prosecuted three other individuals connected to the case: Nguyen Quoc Truong (50), former director of Oceanbank Can Tho branch; Huynh Quoc Huy (49), former head of business planning; and Pham Vu Huy (39), a former customer business specialist at the same branch.