Society
Caution arises as State divestment strategy potentially poses risks
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| The former general director and chairman of PetroVietnam Manpower Development and Services Company (Petromanning), Đào Thành Long (first line, left), was sentenced to nine years in prison yesterday. – Photo phapluatplus.vn |
Viet Nam News
HÀ NỘI (VNS) – The former general director and chairman of PetroVietnam Manpower Development and Services Company (Petromanning), 42-year-old Đào Thành Long of Hà Nội, was sentenced to nine years in prison yesterday.
Long was jailed for violating regulations on economic management, leading to serious consequences.
According to the verdict, in October 2010, Long, while still not at the top in Petromanning – a subsidiary of Petrovietnam – negotiated to buy two plots of land from a family in Trung Hòa Ward in Cầu Giấy District. He agreed to pay over VNĐ58.8 billion (US$ 2.6 million) for a total area of nearly 800 sq.m to build mini-apartment buildings.
In December 2010, when Long officially became the company’s general director, he signed the land purchasing contract.
He paid VNĐ13 billion ($583,310) to Nguyễn Thị Minh Huấn, 37, of Ba Đình District – a broker who promised to complete the application for the land-use right certificate for the two plots of land. Huấn paid VNĐ1 billion to Nguyễn Khánh Tuấn, an officer working at the Trung Hòa Ward People’s Committee, to help the land buyer obtain the land-use right certificate.
Long also spent over VNĐ7 billion ($314,000) in bribes to obtain construction licenses. He asked staff to falsify documents, increasing the land purchase contract value to VNĐ85 billion ($3.8 million) from the actual amount of VNĐ58.8 billion.
Also in court yesterday, broker Huấn was sentenced to 10 years in prison and land officer Tuấn received a 15-year prison term for giving and receiving bribes. – VNS
