Nguyễn Hữu Tín, former Vice Chairman of the People’s Committee of HCM City. VNA/VNS Photo

HÀ NỘI — The Supreme People’s Procuracy yesterday charged former Vice Chairman of the People’s Committee of HCM City Nguyễn Hữu Tín and his accomplices for their wrongdoings in the management and use of State assets.

Tin was prosecuted along with four others on charges of “violating regulations on management and use of State assets, causing losses and wastefulness” in accordance with Clause 3, Article 219 of the 2015 Penal Code.
According to the indictment, Tín was in charge of issues regarding construction, land management and environment in the city.
He was clearly aware the land and housing at 15 Thi Sách in HCM City is under State management but still instructed the Department of Natural Resources and Environment to help North South Construction JSC 79 to lease the land without reporting to the Chairman of the People’s Committee.
His four accomplices proposed Tín issue a decision on land lease, house sale and tax deduction illegally.
Their acts caused a loss of VNĐ808.7 billion (US$34.77 million) as of September 17 last year when police began investigating the case.

They also facilitated Phan Văn Anh Vũ (alias Vũ Nhôm), former chairman of the company, and his partners to build an 18-storey building, sell and rent it out to 114 clients, earning more than VNĐ1.03 trillion.
The case is expected to continue causing losses to the State due to its complexity. — VNS