Phuc Son Group chairman admits to illegally gaining 1.16 trillion VND
Through personal relationships or professional dealings, Chairman of Phuc Son Group Nguyen Van Hau gave a total of over 130 billion VND to local leaders in Vinh Phuc and Quang Ngai provinces. These officials used their positions to execute tasks as requested by Hau, enabling him and Phuc Son Group, as well as Thang Long company, to carry out projects, participate in tenders, and win contracts.
Hanoi (VNA) – At the first-instance trial for individuals involved in the high-profile corruption case at Phuc Son Group JSC on June 24, Nguyen Van Hau, the firm’s chairman, admitted to unlawfully gaining 1.16 trillion VND (44.37 million USD), and confirmed his willingness to use all of his personal assets to fix the consequences.
Hau, who is also Chairman of the Thang Long investment, trade and real estate JSC, testified that he founded Phuc Son Group in 2004 and acquired Thang Long company in 2017.
Following the acquisition, Hau took direct control of the company’s operations. His companies were involved in four projects and four bidding packages in Vinh Phuc, four in Phu Tho, and two in Quang Ngai.
He acknowledged that the indictment from the Supreme People's Procuracy, which charged him with three offences - violating accounting regulations causing serious consequences, violating bidding regulations causing serious consequences, and giving bribes – is accurate, fair, and correct.
Expressing genuine remorse and a sense of responsibility, Hau reaffirmed his commitment to using all his assets to make restitution. During the investigation and prosecution phases, authorities had seized over 108 billion VND, 534 taels of SJC gold, and 1.11 million USD from the defendants.
They had also confiscated 1,440 properties and frozen 43 bank accounts and savings books linked to Hau and other defendants. Additionally, the defendants, their families, and related parties voluntarily paid approximately 120 billion VND and 900,000 USD to compensate for the damage caused.
The procuracy determined that through personal relationships or professional dealings, Hau gave a total of over 130 billion VND to local leaders in Vinh Phuc and Quang Ngai provinces.
🧸 These officials used their positions to execute tasks as requested by Hau, enabling him and Phuc Son Group, as well as Thang Long company, to carry out projects, participate in tenders, and win contracts, causing significant damage to state assets./.
According to the indictment, during the execution of various projects and procurement packages across the provinces of Vinh Phuc, Quang Ngai, and Phu Tho, Phuc Son Group's Chairman and General Director Nguyen Van Hau, who is also Chairman of the Thang Long investment, trade and real estate JSC, either personally committed, directed subordinates, or worked with partner entities to carry out unlawful activities related bidding and accounting procedures.
The cumulative misconduct by Nguyen Van Hau, Chairman and General Director of the Phuc Son Group JSC and his accomplices has led to extensive financial damage to the State, totalling over 1.16 trillion VND.
Hau met with and gave bribes to Vinh Phuc’s ex-officials to secure their influence. Those officials abused position and power to direct, intervene, and unlawfully facilitate the appointment of Hau’s company as the investor, as well as approve land allocations and adjustments to projects.
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