Ten employees from Vietnam Air Petrol Company are being tried for abuse of power in Hanoi.
From 1996 to 2003, the Vietnam Air Petrol Company (Vinapco) signed a contract with Bao Anh Company to transport 1.64 billion litres of petrol from Ghenh Rai Seaport to its store at Vung Tau Seaport, according to the prosecutors' indictment. The Bao Anh Company allegedly transferred only 1 billion litres to the store and sold the remaining fuel.
The prosecutors' indictment states that Vinapco employees conspired with Bao Anh workers to embezzle billions of dong. Nguyen Viet Hoa, Vinapco's former export-import head, signed a contract with Le Tuan Long, Bao Anh's director, that allegedly allowed the companies to forge documents and embezzle funds from the petrol deal.
Vinapco's former director Tran Minh was found guilty of signing the unlawful contract; however, the ruling was overturned in 2007 after the Central Institute of Forensic Examinations concluded that Minh suffered from schizophrenia.
Hoa and nine Vinapco staff members declared that they received 20 billion VND (1 million USD) from Le Tuan Long.
In 2004, Tran Minh assigned Le Anh Van, Southern Petrol Enterprises' former director under Vinapco, to sign contracts with Dong Xuyen Company to store, preserve, and pump gas. Dong Xuyen Company, which has no facilities to conduct such operations, allegedly signed another contract with Mekong Transport Company to do the jobs at half price stipulated by the original contract with Vinapco.
The corrupt deal cost Vinapco 9.5 billion VND (480,000 USD).
The court began its cross-examinations session on Sept. 13./.
From 1996 to 2003, the Vietnam Air Petrol Company (Vinapco) signed a contract with Bao Anh Company to transport 1.64 billion litres of petrol from Ghenh Rai Seaport to its store at Vung Tau Seaport, according to the prosecutors' indictment. The Bao Anh Company allegedly transferred only 1 billion litres to the store and sold the remaining fuel.
The prosecutors' indictment states that Vinapco employees conspired with Bao Anh workers to embezzle billions of dong. Nguyen Viet Hoa, Vinapco's former export-import head, signed a contract with Le Tuan Long, Bao Anh's director, that allegedly allowed the companies to forge documents and embezzle funds from the petrol deal.
Vinapco's former director Tran Minh was found guilty of signing the unlawful contract; however, the ruling was overturned in 2007 after the Central Institute of Forensic Examinations concluded that Minh suffered from schizophrenia.
Hoa and nine Vinapco staff members declared that they received 20 billion VND (1 million USD) from Le Tuan Long.
In 2004, Tran Minh assigned Le Anh Van, Southern Petrol Enterprises' former director under Vinapco, to sign contracts with Dong Xuyen Company to store, preserve, and pump gas. Dong Xuyen Company, which has no facilities to conduct such operations, allegedly signed another contract with Mekong Transport Company to do the jobs at half price stipulated by the original contract with Vinapco.
The corrupt deal cost Vinapco 9.5 billion VND (480,000 USD).
The court began its cross-examinations session on Sept. 13./.
