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Ex-port officials face prosecution for fraud

Update: October, 04/2014 - 09:15
PHU YEN  (VNS) — The Phu Yen People's Procuracy has completed documents to prosecute eight managers at Vung Ro Port Co Ltd for taking advantage of their position.

Company director Nguyen Minh, 56, who was seized in August 2013, was on the list with seven others including the former deputy director, accountant and cashier of the company and Minh's private business Dai Loc Company.

From 2011 to 2013, Minh and his accomplices made illegal receipts and contracts to move money from Vung Ro Company to Dai Loc Company, causing losses of more than VND37.3 billion (US$1.7 million) for the State budget. — VNS

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