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Fugitive ex-chairman of Vietnam state-run firm turns self in after a year 

Tuesday, August 01, 2017, 11:36 GMT+7

A former provincial leader and ex-chairman of a state-run Vietnamese company criminally charged for his role in incurring massive losses turned himself in to police on Monday, after hiding overseas for nearly a year.

Trinh Xuan Thanh, former deputy chairman of the administration of Hau Giang Province and former chairman of PetroVietnam Construction JSC (PVC), gave himself up to an investigative police unit under the Ministry of Public Security in Hanoi.

Thanh is the fifth man accused in a probe into massive losses of approximately US$147 million at PVC, a subsidiary of state-run oil and gas giant PetroVietnam.

The other four, who are all former top officials of PVC, were held in custody in September 2016 on charges of “intentionally violating state regulations on economic management that caused severe consequences.”

Thanh had managed to flee just prior to the above arrests, leading Vietnamese police to issue an international wanted notice in mid-September last year.

He has been hiding overseas for the last ten months.

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