Aug 27, 2019 / 19:03
Five more MobiFone execs. in hot water for role in corruption case
MobiFone now has only one deputy general director in charge of running the corporation.
Vietnam’s Ministry of Public Security has expanded the investigation into the notorious corruption case at MobiFone Corporation by arresting five more executives of the mobile carrier.
MobiFone’s CEO Nguyen Dang Nguyen and his three deputies namely Nguyen Bao Long, Ho Tuan, and Nguyen Manh Hung, and board member Phan Thi Hoa Mai on August 26 were probed on allegation of violations in the use of public funds causing serious consequences.
The Supreme People's Procuracy has approved the probe, but has not revealed details of the five’s alleged wrongdoing.
MobiFone Corporation, now the third-largest mobile carriers in the country, in January 2016 acquired a 95% stake of pay TV service provider Audio Visual Global (AVG) for VND8.89 trillion (US$380 million). Government inspectors later found that the deal violated public investment laws and caused an estimated loss of about VND7 trillion ($299 million) to state coffers.
In March, MobiFone and AVG terminated the deal and the group of AVG shareholders paid back the amount plus interests.
Before yesterday, police had arrested nine people allegedly involved in the acquisition, including two former information ministers Nguyen Bac Son and Truong Minh Tuan for possible graft.
Other arrestees include former chairman and general director Le Nam Tra, former general director Cao Duy Hai and former deputy general director Pham Thi Phuong Anh.
Pham Nhat Vu, chairman of AVG, was detained in April on charge of giving bribes.
MobiFone now has only one deputy general director in charge of running the corporation.
The headquarters of MobiFone in Hanoi. Photo: VnExpress
|
The Supreme People's Procuracy has approved the probe, but has not revealed details of the five’s alleged wrongdoing.
MobiFone Corporation, now the third-largest mobile carriers in the country, in January 2016 acquired a 95% stake of pay TV service provider Audio Visual Global (AVG) for VND8.89 trillion (US$380 million). Government inspectors later found that the deal violated public investment laws and caused an estimated loss of about VND7 trillion ($299 million) to state coffers.
In March, MobiFone and AVG terminated the deal and the group of AVG shareholders paid back the amount plus interests.
Before yesterday, police had arrested nine people allegedly involved in the acquisition, including two former information ministers Nguyen Bac Son and Truong Minh Tuan for possible graft.
Other arrestees include former chairman and general director Le Nam Tra, former general director Cao Duy Hai and former deputy general director Pham Thi Phuong Anh.
Pham Nhat Vu, chairman of AVG, was detained in April on charge of giving bribes.
MobiFone now has only one deputy general director in charge of running the corporation.
Other News
- Voluntary social security should cover larger part of informal sector: Experts
- Excellent quality goods aim further than domestic market
- Hanoi launches occupational safety action month
- Hanoi digitizes public transport ticketing
- A new lease on life for Hanoi's community library system
- Gen-Z workers driven by career advancement and work environment
- Wide range of World Water Day 2024 activities in Vietnam
- Hanoi police fine street vendors for overcharging foreign tourists
- USAID launches US$3 million project to protect Vietnam's natural habitat
- Hanoi to improve children's legal knowledge
Trending
-
Vietnamese PM outlines five 'reinforcements' at ASEAN Future Forum
-
Vietnam news in brief - April 23
-
3,400 taels of gold purchased at the first-in-11-year auction
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen