Asset recovery remains low

Last update 15:11 | 14/04/2017

VietNamNet Bridge – Asset recovery in civil lawsuits, particularly those relating to major economic corruption, remains low as authorities have found it difficult to verify the financial status of defendants, said Le Quang Tien, head of Ha Noi’s Department of Civil Judgment Enforcement.

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Asset recovery in civil lawsuits, particularly those relating to major economic corruption, remains low as authorities have found it difficult to verify the financial status of defendants. — Photo daibieunhandan.vn

This was just one of the difficulties that civil judgment enforcement bodies faced when executing court rulings, Tien said at a press conference on Wednesday.

Ha Noi’s Department of Civil Judgment Enforcement was concentrating on ten major economic corruption cases in which defendants must return over VND269 billion (US$12 million).

“The assets that need to be recovered are huge, but the authorities have not been able to confirm if the defendants have sufficient funds to pay or not,” he said. Tiếp tục đọc “Asset recovery remains low”