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Related to the case ongTe Tri Dung – former CEO and chairman of the board of directors of the company IPC JSC South Saigon Development (Sadeco), the investigative agency HCMC Police continues to prosecute more 12 defendants.
Photovoltaic sources of the People’s Prosecutor’s Office of the City of HCM said: tomorrow 11-21 the agency approved the decision to prosecute 12 agents related to irregularities in the company IPC and Sadeco.
On the same day, the investigative police agencies of the Ho Chi Minh City police made decisions to prosecute, a search warrant against 12 defendants for investigation on charges of violation of regulations on administration and use of state property caused losses. , waste.
The defendants include Pham Van Thong, former deputy chairman of the HCMC Party Committee and Mr. Le Hoang Minh, chairman of IPC member companies and many leaders of the IPC company.
On the morning of November 21, the navy blue car arrived at the Tan Thuan IPC Company headquarters. Photo: NUYEN TAN
These 12 defendants were identified as having a role in the case where Mr. Te Tri Dung violated the law in the administration of the state capital in IPC and SADECO.
In March 2019, Mr. Thong was sanctioned by the Inspection Committee of the Ho Chi Minh City Party Committee on all charges related to many mistakes. In which, there are errors related to the increase in capital stock in SADECO.
And Mr. Minh in August 2020 was sanctioned by the Inspection Committee of the Ho Chi Minh City Party Committee for his mistakes as director of the IPC.
This is the result of an expanded investigation of the case involving Mr. Te Tri Dung and Ms. Ho Thi Thanh Phuc, former CEO of SADECO company.
According to the police, there are sufficient documents and evidence to determine that Mr. Te Tri Dung, CEO of IPC Company and Chairman of the Board of Directors of SADECO Company and Ho Thi Thanh Phuc, CEO of SADECO, have signs of violation of criminal law. Issuance of shares to strategic shareholders. In addition, violations in the management and use of the source of remuneration, the reward fund of the Board of Directors, the Supervisory Board of SADECO.
Mr. Te Tri Dung, born in 1981, is a member of the IX period of the People’s Council of the City of HCM, period 2016-2021. He was the CEO of IPC when he was 34 years old; which has the power to manage a state company of which the Popular Committee of the City owns 100% of the capital stock up to approximately VND 2,900 billion. It also has dominant power in many IPC subsidiaries, joint ventures and affiliates.
In 2018, the city inspector transferred 3 cases with signs of violation of the law related to the Tan Thuan company to the investigating agency, including: the sale of 9 million shares to Nguyen Kim (together with Sadeco Company, Hiep Phuoc Company); Pricing Violations of Securities and MHD Companies …
Specifically, the Authority’s investigative police received records from the inspection bodies of JSC Development South Saigon (Sadeco) issued 9 million shares to strategic shareholders of the Company Nguyen Kim and Co. Hiep Phuoc Industrial Park Joint Stock (HIPC) issues 20 million shares to the strategic shareholder Tuan Loc Company.
Headquarters of the IPC company. Photo: N.TAN
The issuance of shares to strategic shareholders of Sadeco Company (IPC associate) and HIPC Company (subsidiary of IPC Company) shows signs of violation of the law, does not guarantee profits, corporate shareholders benefit, causing damage to the state.
Missions related to this transfer, Inspector TP determines Securities of the HCMC Corporation and Limited Appraisal of the MHD Company has an incorrect valuation, inappropriate market prices led to potential damages to the IPC company and the State capital.
According to the conclusion of the inspection, the above violations and deficiencies belong to the primary responsibility of the Board of Members, the Chairman of the Board of Members, the CEO, the IPC deputy CEOs, who are assigned to be at charge of the fields and related works. inspectors, chief accountants, representative group of the state capital … every relevant period.
On May 14, the Ho Chi Minh City police prosecuted the case, prosecuted the defendants, arrested Mr. Dung and Ms. Phuc on charges of embezzlement and the crime of Violation of Handling and Use Regulations. of home ownership. waste of water. And on the 15-5, the HCMC People’s Council has decided to temporarily suspend the position of deputies of the City Council (period 2016-2021) for Mr. Qi Tri Dung, former General Director of the Limited Industrial Development Tan Pros Company (IPC) .
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