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The chief executive of petrochina and eni has signed a partnership agreement to join the European market

The chief executive of petrochina and eni has signed a partnership agreement to join the European market

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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The chief executive of petrochina and eni has signed a partnership agreement to join the European market

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

, according to the Associated Press reported that police in Vietnam has expanded investigation in connection with national oil and gas giant PetroVietnam oil and gas group (Vietnam) related defected and mismanagement, causing losses of $69 million.

The investigation is reported to be centered on OceanBank. In 2009, Vietnam's oil and gas group bought a 20 percent stake in ocean bank for $35 million.

The senior management of the bank has been accused of paying out about $69 million to more than 50,000 people and 400 companies on interest rates set by the central bank. Among them, the three subsidiaries of Vietnam oil and gas group benefited. The bank was taken over by the state bank for free in 2015 after reporting a loss of $445 million. Vietnam's oil and gas group owns 20% of the bank.

A statement from the Vietnamese ministry of public security also showed that three subsidiaries of Vietnam's oil and gas group were under investigation for alleged misuse of power.

In a statement from the ministry of public security, the former chairman and general manager of ocean bank faced corruption charges. The former chairman of Vietnam's oil and gas group also faces "comprehensive penalties for financial crimes and usurpation of assets". There are now a total of 51 bankers and businessmen in Hanoi, including 46 senior executives at ocean bank.

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