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HCM City’s former official prosecuted

The People’s Procuracy of Ho Chi Minh City on June 21 approved a decision to start legal proceedings against Tat Thanh Cang, former permanent vice secretary of the municipal Party Committee, for “violations of regulations on management and use of State assets, causing losses”.
HCM City’s former official prosecuted ảnh 1Tat Thanh Cang, former permanent vice secretary of the municipal Party Committee (Photo: VNA)

HCM City (VNA) – The People’s Procuracy of Ho Chi Minh City on June 21 approveda decision to start legal proceedings against Tat Thanh Cang, formerpermanent vice secretary of the municipal Party Committee, for“violations of regulations on management and use of State assets, causinglosses”.

Cang and three others - Pham Van Thong and Phan Thanh Tan and Huynh Phuoc Long,who were also former officials of the municipal Party Committee, were accusedof being involved in several violations found at the Tan Thuan Investment and ConstructionCo. Ltd.

Previously, Cang, Thong and Long were prosecuted and detained for investigation into violations found at the Tan Thuan Industrial Promotion Co. Ltd (IPC)and the South Saigon Development JSC (Sadeco).

Inspectors found that through years, Tan Thuan Investment and Construction Co. Ltd. has sold more than 32ha of land around the Saigon River to the Quoc CuongGia Lai JSC at 1.29 million VND (56.1 USD) per sq.m, earning over 419 billion VND (over 18.2 million USD) for the city’s budget. This price issaid to be unusually cheap, if sold in accordance with the market’s price, thecompany could collect more than 2 trillion VND (over 86.9 million USD).

According to assessments of the municipal Department of Natural Resources andEnvironment, under the price set by the State, the land lot would be sold for 574 billion VND, resulting in a loss of over 150 billion VND to the State budget.

Previously, on April 7, the Party Central Committee's Secretariat decided to expel Cang from the Party./.

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