Illustrative image (Source: VNA) Hanoi (VNA) – The Government Inspectorate hasissued Notice No.84/TB-TTCP on the inspection of law compliance during businessoperations in the Vietnam National Coal – Mineral Industries Group (Vinacomin)and its affiliates during 2010 – June 30, 2015.
The inspection found that the Members’ Council and the GeneralDirector of Vinacomin in the period violated financial and investment regulations,leading to huge losses.
They also failed to abide by regulations on production andtrade, resulting in higher production costs and reduced the group’s profits andits contribution to the State budget.
Violations were also found in construction, use of land andnatural resources, procurement, asset management, equitisation and divestment.
The Government Inspectorate requested that the Ministry ofPublic Security instructs the investigative agency to deal with the case andinvestigate legal violations in Vinacomin and its affiliates, including HuuNghi Cement JSC in the northern province of Phu Tho, Ha Giang Cement JSC andBinh Nguyen – Dak Nong JSC.
The Government Inspectorate said the violations involved over14.882 trillion VND (661.42 million USD) and nearly 6.7 million sq.m of housingand land, proposing the reclamation of more than 1.8 trillion VND for the Statebudget and all the housing and land.
The notice informed that Permanent Deputy Prime MinisterTruong Hoa Binh had basically agreed with the Government Inspectorate’s proposalsand asked ministries, agencies and localities to take relevant action.
The ministries of Natural Resources and Environment, PublicSecurity, Industry and Trade, Justice, Construction and the Government Officewere assigned to work closely with the Government Inspectorate to deal with thecase.-VNA
The inspection found that the Members’ Council and the GeneralDirector of Vinacomin in the period violated financial and investment regulations,leading to huge losses.
They also failed to abide by regulations on production andtrade, resulting in higher production costs and reduced the group’s profits andits contribution to the State budget.
Violations were also found in construction, use of land andnatural resources, procurement, asset management, equitisation and divestment.
The Government Inspectorate requested that the Ministry ofPublic Security instructs the investigative agency to deal with the case andinvestigate legal violations in Vinacomin and its affiliates, including HuuNghi Cement JSC in the northern province of Phu Tho, Ha Giang Cement JSC andBinh Nguyen – Dak Nong JSC.
The Government Inspectorate said the violations involved over14.882 trillion VND (661.42 million USD) and nearly 6.7 million sq.m of housingand land, proposing the reclamation of more than 1.8 trillion VND for the Statebudget and all the housing and land.
The notice informed that Permanent Deputy Prime MinisterTruong Hoa Binh had basically agreed with the Government Inspectorate’s proposalsand asked ministries, agencies and localities to take relevant action.
The ministries of Natural Resources and Environment, PublicSecurity, Industry and Trade, Justice, Construction and the Government Officewere assigned to work closely with the Government Inspectorate to deal with thecase.-VNA
VNA
