JavaScript is off. Please enable to view full site.

​Vietnam files fourth criminal charge against Da Nang tycoon

​Vietnam files fourth criminal charge against Da Nang tycoon

Friday, August 10, 2018, 16:00 GMT+7

Vietnam’s Ministry of Public Security announced on Thursday that its investigative agency had launched criminal proceedings against a notorious business mogul on the charge of violating regulations on management and use of state assets, causing loss and wastefulness in the central city of Da Nang.

Phan Van Anh Vu, aka Vu ‘Nhom,' is a business tycoon known for owning different companies and multiple pieces of ‘prime real estate’ in Da Nang who has already faced charges including “abuse of positions and powers while on duty,” “deliberately disclosing state secrets” and “tax evasion”.

The police ministry also launched criminal proceedings against four other defendants on the charge of violating regulations on management and use of state assets. The four are accused of selling public estates to Vu ‘Nhom’ at a low price without holding auctions as required by law.

The defendants include Nguyen Cong Lang, 64, former director of Da Nang Housing Management Company; Phan Ngoc Thach, 57, former general director of Da Nang Tourism JSC; Tran Phi, 63, former general director of Da Nang Export-Import JSC; and Huynh Tan Loc, 66, general director of Da Nang Trimexco Company.

The criminal proceedings had been approved by the Supreme People’s Court, the ministry said in a statement.

Police officers search the residence of Huynh Tan Loc, general director of Da Nang Trimexco Company, on the afternoon of August 9, 2018. Photo: Tuoi Tre
Police officers search the residence of Huynh Tan Loc, general director of Da Nang Trimexco Company, on the afternoon of August 9, 2018. Photo: Tuoi Tre

The four suspects had acquired different pieces of public land at favorable prices, before transferring land ownership to Vu or his relatives, causing losses to the state budget.

They are barred from leaving their place of residence while awaiting trial.

Earlier on April 17, investigative police also launched criminal proceedings against Tran Van Minh, former chairman of Da Nang who was in office between 2006 and 2011, on the same charge of violating regulations on management and use of state assets.

Minh is accused of “serious violations” during his tenure that allowed public assets to be sold unlawfully.

Phan Van Anh Vu was on July 30 sentenced to nine years behind bars for deliberately disclosing state secrets by a court in Hanoi.

Trials have not been held for his other charges.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tuan Son / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news