Former leader of major rubber business group prosecuted
The Supreme People’s Procuracy has completed the indictment to prosecute Le Quang Thung, former General Director of the Vietnam Rubber Group (VRG), for the charge of deliberately acting against the State's regulations on economic management and causing serious consequences under Article 165 of the Criminal Code 1999.
Le Quang Thung - former General Director of the Vietnam Rubber Group (VRG) (Source: Internet)
Hanoi (VNA) - The Supreme People’s Procuracyhas completed the indictment to prosecute Le Quang Thung, former General Director of the Vietnam Rubber Group (VRG),for the charge of deliberately acting against the State's regulations on economic management and causingserious consequences under Article 165 of the Criminal Code 1999.
Prosecution also began against the fourother defendants related to the case, including Nguyen Thanh Chau andNguyen Van Minh – former director and chief accountant of the Dong Nai RubberCompany, and Nguyen Hong Phu and Hoang Van Son – former director and chiefaccountant of the Phu Rieng Rubber Company.
Under the indictment, during the 2007-2008 period, the VRG did not have a plan toestablish and contribute capital to the Dong Thap seafood export and processingJSC (Dong Thap seafood company). However, Thung organized the establishment of thecompany, which was not the main business sector of VRG.
After the establishment, taking advantage of his position as the GeneralDirector, Thung, who was also former Chairman ofthe Member Council of VRG, directed leaders of many VRG’s subsidiaries,including Chau and Phu, to use their companies’ welfare funds to illegally contribute capitalto the Dong Thap seafood company.
The two decided and directed Minhand Son to contribute 22.4 billion VND (958,451 USD), and 20.8 billion VND(nearly 890,000 USD) to the Dong Thap seafood company.
The Supreme People’s Procuracy concluded that Thung's conduct violated Article 13 of the 2005 EnterpriseLaw, and the actions made by the five defendants violated Article 8, Clause 4 -Regulation on financial management of State-owned firms and management of Statecapital invested in other enterprises; and Article 3 - Regulation ondecentralization of investment decision for investment projects and capitalcontribution to other enterprises. -VNA
The Ministry of Public Security’s Police Investigation Agency on December 12 issued a decision launching criminal proceedings against five former officials of the Vietnam Rubber Group (VRG) accused of deliberately violating State rules on economic management resulting in serious consequences.
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Le Quang Thung - former General Director of the Vietnam Rubber Group (VRG) (Source: Internet)
