Hanoi inspectors look into corruption in the real estate market
  • By Quang Phong | | October 04, 2014 09:02 AM

The inspectorates of Hanoi is currently looking into an accusation that local authorities have been taking bribes for the red book issuance process for a number of real estate projects in the city.

 Real estate project in Hanoi

During a Q & A session of the National Assembly Standing Committee with the Ministry of Natural Resources and Environment on September 29, NA Deputy Nguyen Sy Cuong said he had received complains about corruption in the process of issuing home ownership certificates.

There have been rumours that local authorities asked investors and residents to pay VND8 million (USD380) per certificate or they would not be processed. This 'payment without invoice' was also said to occurred for real estate projects in Hanoi, including Me Tri Thuong and Hapulico projects.

After receiving the information, the Hanoi People's Committee asked the city inspectorates to start an investigation into the allegations and report back by October 11. The Hanoi People's Committee also informed the NA Standing Committee, the Ministry of Natural Resources and Environment and NA Deputy Nguyen Sy Cuong of their decision.

Pham Quang Nghi, Politburo member and secretary of the Hanoi Party Committee, warned all agencies involved to protect the identities of whistle blowers. 

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