Monday, August 20 2018

VietNamNews

Police investigate violations at two agencies

Update: December, 28/2017 - 13:00
Vũ Quốc Hảo, former general director of Finance Leasing Company 2, under the Vietnam Bank for Agriculture and Rural Development, at HCM City’s People’s Court in 2015. – Photo tinmoi.vn
Viet Nam News

HÀ NỘI — The Police Investigation Agency under the Ministry of Public Security is investigating two cases of deliberate violations of State regulations.

These violations led to serious economic consequences for Việt Nam Social Insurance and Vietnam Debt and Asset Trading Corporation.

The police has launched criminal investigation into Nguyễn Phước Tường, former head of the Planning and Finance Section of Vietnam Social Insurance, for the same crime, placing him under house arrest.

Previously, in November 2013, the Central Commission for Discipline Inspection issued a warning to Tường for his shortcomings during his tenure at Việt Nam Social Insurance.

The decision was made after the police conducted a deeper investigation into the case of Vũ Quốc Hảo, former general director of Finance Leasing Company 2, under the Vietnam Bank for Agriculture and Rural Development, and the company’s compliance with regulations.

In 2015, Hảo was sentenced to life imprisonment for corruption and deliberately violating State regulations, leading to serious economic consequences. Hảo caused the loss of VNĐ285 billion (US$12.5 million) for the State.

The police is conducting a further investigation into the two cases to reclaim the State’s property. — VNS

 

 

 

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