This is one of the eight key cases that the Central Steering Committee on Anti-corruption has been requested to bring to trial before the 12th National Party Congress, slated for early 2016.
According to the indictment, Vu Quoc Hao, former Director of ALC II and Dang Van Hai, ex-Chairman of Quang Vinh Construction and Trade Co Ltd, were prosecuted for “misappropriating public property” and “intentionally violating State regulations on economic management that causes severe consequences”.
Hao owed VND60 billion (US$2.64 million) to Le Hoang Tam, Director of the Hai Phong-based Dai Duong shipbuilding company. Hao transferred the money to Chairman of the Ham Rong Company Le Van Phong to invest in the Truong An apartment project in Thuan An commune of southern Binh Duong province and buy land in District 7, Ho Chi Minh City.
The original article can be found at english.vietnamnet.vn