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Five more people prosecuted for petroleum firm scam
  • By Phuong Dung | | February 17, 2017 03:32 PM
 >>  Investigation into petrol firm losses
The Ministry of Public Security’s Investigation Police Agency on February 15 issued a decision to prosecute five people for being found to have involved in asset misappropriation of PetroVietnam Construction Joint Stock Corporation (PVC).


Investigation is being carried out at PetroVietnam Construction Joint Stock Corporation

The five are Luong Van Hoa, Le Xuan Khanh and Nguyen Ly Hai who previously held key positions at PVC’s Vung Ang-Quang Trach project management board. The two others are Nguyen Thanh Quynh, director of Mien Trung Join Stock Corporation’s technical board and Le Thi Anh Hoa, director of Quynh Hoa one-member Ltd. Co. Hoa has been put under house arrest.

September 16, 2016, Vu Duc Thuan, former general director of PVC; Truong Quoc Dung, former deputy director; Pham Tien Dat, former chief accountant and Nguyen Manh Tien, former deputy director were also arrested for violating economic management at PVC, leading to a USD142-million loss in the 2011-13 period.

The Ministry of Public Security prosecuted Trinh Xuan Thanh, who was PVC Chairman from 2007 to 2013. The firm was later found to make a total loss of USD142 million between 2009 and 2013 under Thanh’s management. Since September 2016, Thanh has been wanted internationaOplly.

The ministry said that further investigations in the PVC scam is being carried out.

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