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Update news phuc son scandal
With over $5.5 million in bribes, Hau “Phao” dominated public projects, causing massive state losses and legal fallout.
Nguyen Van Hau’s sister described how she packed and delivered cash to her brother, who then handed it to former Party Secretary Hoang Thi Thuy Lan.
Phuc Son Group Chairman Nguyen Van Hau is accused of fraudulent bidding and contract resale, illicitly profiting over $11.3 million from public funds.
Authorities have confiscated a massive collection of assets linked to the corruption scandal involving Nguyen Van Hau, also known as Hau ‘Phao’, chairman of Phuc Son Group.
Investigators reveal how real estate tycoon Nguyen Van Hau cultivated relationships with high-ranking officials to influence major development projects.
Phuc Son Group chairman Nguyen Van Hau allegedly funneled over $3 million to a former district official in Vinh Long to influence leadership decisions and secure business advantages.
Hau "Phao" sold 1,317 land lots, concealing 2,072 billion VND off the books, leading to over 504 billion VND in tax losses for the Vietnamese government.
The Phuc Son Group scandal unfolds as 41 high-ranking individuals are accused of bribery, bid-rigging, and financial mismanagement in Vietnam.
In a shocking revelation, businessman Hau "Phao" is accused of paying over 132 billion VND ($5.3 million) in bribes, including a $1 million cash handoff to former Party Secretary Hoang Thuy Lan.
A Ministry of Public Security investigation has uncovered a bribery network involving Phuc Son Group, with former Vinh Phuc Party Secretary Hoang Thi Thuy Lan accused of accepting nearly $2 million.
The police have officially started legal proceedings against Vice Chairman of the Vinh Phuc provincial People’s Committee Nguyen Van Khuoc and five others for their suspected involvement in the case at the Phuc Son Group JSC.