Former HCM City vice mayor arrested for causing state asset losses

Home / News / Viet Nam

Linh Pham 07:55, 2018/11/20

A former HCM City official is accused of involving in Phan Van Anh Vu (Vu Nhom), who was sentenced in July to 9 years behind the bars for deliberate disclosure of state secrets.

Vietnam’s police on November 19 arrested Nguyen Huu Tin, former deputy chairman of Ho Chi Minh City (HCM City) People's Committee, over the allegation of “violating regulations on state asset management, causing losses” with the possible highest punishment up to 20 years in jail.

Former HCM City deputy chairman Nguyen Huu Tin. Photo: Internet

Former Deputy Chairman of HCM City People's Committee Nguyen Huu Tin. Photo: Internet

Two other accomplices namely Dao Anh Kiet, former director of the municipal Department of Environment and Natural Resources, and Truong Van Ut, former head of the department’s Land Management Division, were arrested for the same charge.

Tin, 61, is accused of involving in Phan Van Anh Vu, better know as Vu "nhom", who was sentenced in July to 9 years in prison for deliberate disclosure of state secrets.

Initial document shows that the former chairman of the biggest city in June 2015 signed a decision allowing Vu’s 79 North South Company to own a land lot in HCM City’s District 1 in a 50-year leasing contract.

The company then built an 18-floor tower which is designed to offer more than 100 apartments and 70 officetel units at the prices of US$3,500-US$7,000/square meter.

Tin’s decision was against the government’s plans on rearranging state-owned land and houses. HCM City sold the land lot without any bidding.

Tin and his accomplices were also probed for their involvement in leasing a 6,000-sq.m land lot in District 1 to Saigon Beer-Alcohol-Beverage Corporation (Sabeco) without bidding.

Tin is among eight senior officials probed for involving in real estate tycoon Vu Nhom. They include former Danang's chair Tran Van Minh, Danang’s former vice chair Van Huu Chien, former CEO of DongA Bank Tran Phuong Binh. Lieutenant General Bui Van Thanh of the police force was demoted to colonel for his involvement.

Comments

Other news

22:49, 2025/01/18

Homeland Spring 2025: Overseas Vietnamese explore investment opportunities

Hung Yen aims to become a modern industrial province with advanced infrastructure, strong industrial growth, and sustainable green development while preserving its cultural heritage.

17:58, 2025/01/18

PM calls for Polish businesses to seize opportunities in Vietnam’s market

The prime minister urged businesses from both countries to strengthen business ties and pursue more effective cooperation based on shared benefits and risk sharing.