Mr. Nguyen Huu Thanh, Member of the Board of Directors of Sadeco Company, Arrested | News



[ad_1]

On the night of December 17, regarding violations in the issuance of shares in Tan Thuan Industrial Development Company Limited (IPC) and Sadeco (a subsidiary of IPC), the CSDT (PC03) of the Ho Chi Minh City Police initiated accused the accused, arrested, detained, registered the whereabouts of Nguyen Huu Thanh (member of the Board of Directors of the Sadeco company) for “violation of the rules on the management and use of state assets, causing losses and waste” according to Article 219 of the Penal Code of 2015, modified and supplemented in 2017.
Mr. Nguyen Huu Thanh, member of the Board of Directors of Sadeco Company, is arrested - photo 1

The Tan Thuan Company’s headquarters was previously registered

Consequently, the defendant Nguyen Huu Thanh voted to approve the issuance of 9 million shares to strategic shareholder Nguyen Kim Company at the price of 40,000 VND / share, not through an auction appraisal, causing Sadeco to lose 208 billion. Defendant Nguyen Huu Thanh’s behavior is determined to be the achievement of the previously indicted defendant.

Regarding this case, PC03 previously prosecuted 17 defendants, most of whom are key leaders of IPC, Sadeco, and some of the defendants are officials of the HCM City Party Committee.

In particular, on December 16, PC03 prosecuted the accused and arrested Mr. Tat Thanh Cang, Deputy Head of the Standing Committee of the Steering Committee of the project “History of Ho Chi Minh City”, the former Permanent Undersecretary of the City Party. Ho Chi Minh City (period 2015-2020) in the same behavior.

Currently, the Ho Chi Minh City Police PC03 continues to investigate and clarify crimes committed at IPC and Sadeco.



[ad_2]