The Ministry of Public Security has completed its investigation and proposed charges against Nguyen Thi Nhu Loan, chairwoman of Quoc Cuong Gia Lai, and former Ho Chi Minh City deputy chair Nguyen Thi Hong, along with 20 others, for five different offenses.

The Ministry’s Investigation Police Agency has finalized the probe into a major corruption case involving “violations of regulations on the management and use of state assets causing loss and waste; offering bribes; receiving bribes; abuse of position and power while performing official duties; and negligence leading to serious consequences.” The case implicates Vietnam Rubber Group, Dong Nai Rubber Corporation, Ba Ria Rubber Company, the Ho Chi Minh City People's Committee, the Ministry of Agriculture and Environment, and several related entities.

Authorities have proposed prosecuting 22 defendants under the aforementioned five charges. Among them, Le Quang Thung, former acting chairman of the board and CEO of Vietnam Rubber Group, faces charges of violating state asset management regulations and receiving bribes.

According to the investigation, Le Quang Thung is accused of causing losses to the state exceeding 542 billion VND (over USD 22 million), receiving USD 3 million in bribes, and personally profiting an additional SGD 200,000 and USD 300,000 - amounting to more than USD 450,000.

Le Y Linh, former director of Viet Tin Co., Ltd., is also recommended for prosecution for state asset misuse and bribery. Investigators allege she caused state losses exceeding 542 billion VND (USD 22 million), personally profited over 82 billion VND (USD 3.3 million), and offered bribes totaling more than 56 billion VND (USD 2.25 million).

Linh is accused of bribing Thung with 11 billion VND (USD 440,000); Trần Ngọc Thuận, former CEO of Vietnam Rubber Group, with 45 billion VND (USD 1.8 million); and Doan Ngoc Phuong, former chairman of the Ministry of Natural Resources and Environment’s valuation council, with 200 million VND (USD 8,000).

In connection with the case, Dang Phuoc Dua, former chairman of Viet Tin Joint Stock Company, is charged with misusing state assets and offering bribes. Authorities allege he caused similar state losses of over 542 billion VND and personally profited more than 74 billion VND (USD 2.96 million). He is also accused of giving Thung over 11 billion VND, Thuận 45 billion VND, and Phuong USD 10,000.

Nguyen Thi Hong, former deputy chair of Ho Chi Minh City and deputy head of the city's Steering Committee 09, along with Dao Thi Huong Lan, former director of the city’s Department of Finance and standing member of the same committee, are charged with abuse of position. They are accused of causing over 542 billion VND in losses, with Hong personally benefiting by more than 1 billion VND (USD 40,000).

Quoc Cuong Gia Lai chairwoman allegedly caused $22M in state losses

Among those charged with violating state asset management regulations are Vo Sy Luc, former chairman of the Vietnam Rubber Group board; Tran Thoai, board member and deputy CEO; Pham Van Hien, former deputy CEO; Huynh Trung Truc, also former deputy CEO; and Pham Van Thanh, head of investment planning.

Nguyen Thi Nhu Loan, chairwoman and CEO of Quoc Cuong Gia Lai, is accused of causing more than 542 billion VND (USD 22 million) in state asset losses. Investigators say she personally gained over 297 billion VND (USD 11.9 million). Vo Sy Luc, Tran Thoai, and Pham Van Thanh each allegedly profited around 2.5 billion VND (USD 100,000).

In Dong Nai Rubber Corporation, former chairman Nguyen Thanh Chau, former chairman Le Xuan Hoe, former CEO Nguyen Thi Gai, and planning head Nguyen Van Minh are alleged to have caused over 390 billion VND (USD 15.6 million) in losses. Chau reportedly personally gained 250 million VND (USD 10,000).

At Ba Ria Rubber Company, Nguyen Cong Tai, former chairman and CEO, and Nguyen Trong Canh, former deputy CEO, are said to have caused over 151 billion VND (USD 6 million) in losses. Tai personally gained over 1 billion VND (USD 40,000).

Separately, Tran Khac Chung, former controller at Vietnam Rubber Group, faces prosecution for negligence causing serious consequences, with losses linked to his oversight totaling more than 542 billion VND (USD 22 million).

T. Nhung