Former Vietnam Rubber Group general director arrested
Le Quang Thung, former general director and acting board chairman of the state-controlled Vietnam Rubber Group (VRG), has been accused of committing violations related to a real estate project in Ho Chi Minh City.
First row, from left: Le Quang Thung, Huynh Trung Truc, Pham Van Thanh. Second row, from left: Nguyen Thi Gai, Nguyen Cong Tai, Nguyen Trong Canh. Photo courtesy of the Ministry of Public Security.
Thung, 78, and Huynh Trung Truc, former deputy general director of VRG, were detained by the Ministry of Public Security’s economic police agency (C03) for breaching regulations on management and use of State assets, causing loss and waste, in line with the Penal Code.
Others arrested on the same charge were Pham Van Thanh, former head of VRG’s investment planning department; Nguyen Thi Gai, former general director of Dong Nai Rubber Company; Nguyen Cong Tai, former board chairman of Ba Ria Rubber Company; and Nguyen Trong Canh, former deputy general director of Ba Ria Rubber Company.
Le Y Linh, former director of Viet Tin General Trading Company Limited; and Dang Phuoc Dua, former board chairman of Viet Trust Investment-Trading Corporation, were also detained.
The arrests follow CO3’s investigation into alleged violations at Vietnam Rubber Group, Dong Nai Rubber Company, Ba Ria Rubber Company and other units related to the 39-39B Ben Van Don real estate project in Ward 12, District 4, Ho Chi Minh City.
The Ministry of Public Security said it will continue to clarify other violations at Vietnam Rubber Group and related organizations and individuals, and recover assets for the State.
In another case, Le Quang Thung was sentenced to four years in prison by the People’s Court of Ho Chi Minh City in August 2019 for “intentionally violating State regulations on economic management, causing serious consequences and leading to more than VND43 billion ($1.69 million) of budget loss.”
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