According to an extraordinary disclosure from Vinaconex, Nguyen Huu Toi, member of the Board of Directors, deputy general director and former chairman of the board, along with Duong Van Mau, member of the Board of Directors and deputy general director, have been detained by the Ministry of Public Security.

Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) announced that the Investigation Police Agency under the Ministry of Public Security had arrested the two executives for temporary detention while investigating alleged violations of bidding regulations causing particularly serious consequences.

The announcement dated March 7 stated that the detained suspects include Nguyen Huu Toi, member of the Board of Directors, deputy general director and former chairman of Vinaconex, and Duong Van Mau, member of the Board of Directors and deputy general director.

The statement also said Nguyen Huu Toi is being investigated for alleged violations of bidding regulations causing particularly serious consequences, including acts of giving money to project investors to obtain favorable conditions in winning bids.

Meanwhile, Duong Van Mau is being investigated for alleged violations of bidding regulations causing particularly serious consequences.

Vinaconex said it had received official notice from the Investigation Police Agency of the Ministry of Public Security regarding the detention of the two executives and had issued the extraordinary disclosure to the Vietnam Exchange and the Ho Chi Minh City Stock Exchange in accordance with regulations.

A representative of the company affirmed that the disclosed information is accurate and that Vinaconex takes legal responsibility for the announced information.

Dinh Hieu