Major General Hoang Anh Tuyen, Deputy Chief of the Office and spokesperson for the Ministry of Public Security, stated that the investigative police agency has indicted 17 individuals on charges including violating regulations on state asset management, causing loss and waste; receiving bribes; and abusing positions and power while performing official duties.

On July 18, the investigative police agency of the Ministry of Public Security indicted and temporarily detained Loan on charges of violating regulations on state asset management, causing loss and waste.

According to Major General Hoang Anh Tuyen, Loan allegedly conspired with Le Y Linh, Chairman of the Board of Directors of Retro Harvest Finance LLC; Dang Phuoc Dua, former Chairman of the Board of Directors of Viet Tin Investment and Trade Joint Stock Company; and individuals from the Vietnam Rubber Industry Group, Dong Nai Rubber Company, and Ba Ria Rubber Company.

They allegedly signed agreements and investment cooperation documents to acquire 100% of the capital at the site from the Vietnam Rubber Industry Group without public auction, contrary to legal regulations, to sell to Thinh Vuong Real Estate Joint Stock Company, causing state losses of hundreds of billions of VND.

The investigative police agency is consolidating documents and evidence against the indicted individuals while continuing to expand the investigation and applying measures to recover state assets.

Nguyen Thi Nhu Loan, 64, has been indicted and temporarily detained to serve the investigation on charges of legal violations in the transfer of the prime land project 39-39B Ben Van Don, District 4, Ho Chi Minh City.

Quang Phong – Thu Hang