|Trần Văn Tâm (first right) was arrested by the C46. – Photo tuoitre.vn
TRÀ VINH — The Police Department for Economic Crimes and Corruption (C46) under the Ministry of Public Security and Trà Vinh Province Police, on Tuesday, began an oficial investigation into former leaders of a State-owned food company in the southern province.
Trần Văn Tâm, 42, former director of Trà Vinh Food Company (Imex Trà Vinh) and three other former officials were also arrested.
Following an initial inspection, functional forces found that since 2011, because of a loss of profit, Tâm asked his staff to make fake business contracts and misdeclare the company’s inventory to hide a fiscal deficit of VNĐ659 billion (US$29 million).
Simultanously, his staff proposed fake reports to both Southern Việt Nam Food Corporation (Vinafood 2) to ask for more funding and to banks for loan disbursement.
As the unprofitable company was unable to pay loans, the capital deficit kept increasing, causing serious damage to the State budget.
Other suspects include Nguyễn Tấn Vinh, former manager of finance and accounting, Phan Văn Hiệp, former director of Imex Trà Vinh’s Cầu Kè Food Processing Faculty, and Võ Văn Sen, former director of Đại Phúc Company.
C46 are collecting dossiers for a deeper investigation and case expansion.
Early last month, Vinafood 2 collaborated with the AASC audit firm to inspect its companies and factories. They then found that the actual amount of stocking rice in Imex Trà Vinh’s warehouse was only 4,000 tonnes, in comparison to the 87,000 tonnes presented in its reports. — VNS