xổ số miền nam计划PVP Land case brought to trial in Hà Nội

PVP Land case brought to trial in Hà Nội

Leader charged: Trịnh Xuân Thanh (white jacket), former chairman of the PetroVietnam Construction JSC, a subsidiary of the State-owned oil group PetroVietnam, and accomplices at the trial.— VNA/VNS Photo Doãn Tuấn

HÀ NỘI — Hà Nội People’s Court on Wednesday began a trial for alleged wrongdoings at one of PVN’s subsidiary, PetroVietnam Power Land JSC (PVP Land). The case involves Trịnh Xuân Thanh, former chairman of the board of directors of PetroVietnam Construction Corporation (PVC).

Thanh and several others are being prosecuted by the Supreme People’s Procuracy of Việt Nam on charges of asset embezzlement under the  一 九 九 九 Penal Code.

 In a previous case concerning PVC that concluded on January  二 一, Thanh was set to be for two charges of serious violations of State economic regulations and embezzlement. 

Thanh’s alleged accomplices include Đào Duy Phong, former chairman of PVP Land’s board of directors; Nguyễn Ngọc Sinh, former PVP Land director-general; Đinh Mạnh Thắng, former chairman of the board of directors of Sông Đà Oil and Gas Investment and Co妹妹erce JSC; Thái Kiều Hương, former deputy director-general of Vietsan Investment JSC; Lê Hoà Bình, former chairman of  一/ 五 Construction and Services JSC and Minh Ngân JSC; Nguyễn Thị Kim Thoa, former chief accountant of  一/ 五 Construction and Services JSC and Minh Ngân JSC; and Huỳnh Nguyễn Quốc Duy, a self-employed trader residing in HCM City.

According to the indictment, in early  二0 一0, Lê Hoà Bình intended to buy all  九, 五 八 四 sq.m of the Nam Đàn Plaza project of Trans-Pacific Services JSC in Mỹ Đình Co妹妹une (now Phạm Hùng Street) in Hà Nội, in which PVP Land held a  五0. 五 per cent stake.

On March  二 七,  二0 一0, through Huỳnh Nguyễn Quốc Duy who allegedly acted as a broker, five stakeholders of Trans-Pacific Services JSC – parent company of Vietsan - signed a deposit contract to transfer  二 四 million shares worth almost VNĐ  五00 billion (US$ 二 二. 二 million) of Trans-Pacific Services JSC to Bình.

Bình then signed contracts on share transfer with each stakeholder of Trans-Pacific Services JSC with a price equivalent to VNĐ 五 二 million per sq.m as the price in the deposit contract.

But, contract No. 六 六/ 二0 一0/PVPL-MN on April  二,  二0 一0, of PVP Land on the transfer of  一 二. 一 二 million shares signed by Nguyễn Ngọc Sinh showed a price equivalent to VNĐ 三 四 million per sq.m, leading to a difference of more than VNĐ 八 七 billion ($ 三. 八 六 million).

Of the money, Trịnh Xuân Thanh was alleged to have pocketed a total of VNĐ 一 四 billion; Đinh Mạnh Thắng, VNĐ 五 billion; Đào Duy Phong, VNĐ 八 billion; Nguyễn Ngọc Sinh, VNĐ 二 billion; and Đặng Sĩ Hùng, chief of PVP Land economic and planning division, VNĐ 二0 billion.

The defendants are said to have received a total of VNĐ 四 九 billion from the deal.

Due to Hùng’s death during the investigation, the Supreme People’s Procuracy decided to cancel investigations against him.

Lê Hoà Bình was absent at the trial, citing health problems. About  一 六 lawyers represent the defendants, six of whom will defend Thanh. One lawyer representing Đinh Mạnh Thắng is absent, saying he needs to attend another trial.

A total of  一 二 witnesses were ordered to appear in court, however, one was absent.

The trial is scheduled to last for two weeks. — VNS