Found billion when bond money to sand for father

 
Exhume the father, he found 97 papers Hung bearer bonds worth $ 965 million by issuing Habubank. However, the bank said Lot bonds were paid both principal and interest, to refuse payment.



     In a letter to VnExpress.net, Quach Van Hung (Vinh Tuy, Hai Ba Trung District, Hanoi) said after the announcement in his hometown to sand (Hung Yen), he found 97 bonds fruits urban HCMC shares are not registered total 965 million par value. Among them, 96 sheets face value 10 million and a par value of bonds 5 million, is due in 2005. The bonds by the State Bank in Hanoi as release agents.

         A photo of one of these bonds Van Hung Quach found SHB and payment requirements. Photo: British Army.

    

    Bond papers are anonymous bearer prices and buyers in the books of the issuer. Therefore, bonds are free to transfer without notarization procedures. On maturity, the bond holder just take payment stubs to be produced without papers. Given that this bond can be paid, Mr. Quach Van Hung in HCMC were swept back to ask Financial Investment Company HCMC to Hanoi and met the bank concerned. Bank Habubank old has now merged into Saigon Hanoi Bank - SHB. Mr Hung also 2 times SHB send payment requests.

    

    However, controversy erupted after the payment SHB denied bond. In the written replies, SHB CEO Nguyen Van Le said, all of the bonds have been paid in full the principal and interest from 2005 and Van Hung Quach is not lawful owners of the left shares worth nearly a billion is. "All the bonds are 97 on the list of municipal bonds by Habubank - this is the SHB - Held-to-maturity". Mr. Le also confirmed SHB sufficient evidence, evidence that investment in the bond portfolio, as well as proof of payment.

    

    SHB also said the number of bonds on SHB received bank Habubank not found and "likely to have been stolen." SHB will ask the police to investigate this.

    

    However, Mr. Quach Van Hung of SHB opposition argued that paid and some stolen bonds. "If they say have paid, why the bonds holding me intact. Staff I have asked Treasury if paid in accordance with the bond angle to be cut at least at your desk "Mr Hung said.

    

    A representative of SHB admitted, most likely have errors in your business and employees Habubank not preclude these bonds "for any reason" are smuggled from outside the bank. However, SHB said the staff responsible for this are no longer working at the bank.

    

    However, this position also explained, this is not a bond issued outside the portfolio of the SHB. Therefore, he can not Quach Van Hung is the owner of the legal bonds. This leader also added, some bond investors even before this ever Habubank (now SHB) pledge to bring in a few other bank bonds should not be owned by Mr. Hung and their families.

    

    SHB confirmed would suggest investigating authorities in order to clarify the matter and find out the crime. According SHB, Mr. Hung is illegally holding these bonds of SHB and Hung asked him to provide.

    

    Commenting on the controversy, Mr. Tran Minh Hai - Director Basico Law Firm, said the legal principles, for not enrolling bonds, the issuer will pay the holder of the left vote. However, not every bearer bonds are not required to monitor the source and payment process, especially when the payment is made through bank documents stored.

    

    Hai said that in this case, if SHB evidence has completed the payment bond payment obligations do not exist. "But these things need to be clarified here is why Mr. Hung has been the bearer bonds and the loss on the management of this proof of payment from the SHB and the bondholders" Mr Hai said.