Two more to be prosecuted in PVC embezzlement case

In a report sent to the Government e-portal on March 31, the agency reported that it would detain and prosecute the former chairman of the management board, cum general director of PVC’s Kinh Bac Investment and Installation Company, Do Van Hong, and former deputy general director of PetroVietnam Construction Joint-Stock Corporation, Nguyen Manh Tien.

The report noted that the agency is expanding its criminal investigation against Thanh and Vu Duc Thuan, former PVC general director, on suspicion of embezzlement and for alleged violations of State regulations on economic management that caused about VND3.3 trillion (US$142 million) in losses for PVC.

Hong and Tien are charged with being accomplices in the intentional violation of State regulations on economic management that resulted in serious consequences.

An international arrest warrant for Thanh was issued last September after he fled the country.