Former Ministers of Information and Communications Nguyen Bac Son (L) and Truong Minh Tuan (Photo: Ministry of Public Security) Hanoi (VNA) – The Hanoi People’s Court decided on November 19 to open afirst instance trial on the case of the MobiFone’s purchase of 95 percent ofshares of the Audio Visual Global JSC (AVG) on December 16.
There will be 14 defendants at the trial, which is slated to last untilDecember 31.
Among the defendants there are two former ministers of information andcommunications (MIC) – Nguyen Bac Son and Truong Minh Tuan.
Son, Tuan and 11 others are indicted on the charge of “violatingregulations on the management and use of public capital causing seriousconsequences” under Article 220, Clause 3 of the 2015 Criminal Code.
The 11 other defendants accused of the same charge are Pham Dinh Trong,former head of the MIC’s Department of Enterprise Management; Vo Van Manh andHoang Duy Quang from AMAX investment consultancy and valuation company; three formerMobiFone leaders - Le Nam Tra, Cao Duy Hai and Phan Thi Hoa Mai; and fiveDeputy General Directors of MobiFone – Pham Thi Phuong Anh, Ho Tuan, NguyenDang Nguyen, Nguyen Bao Long and Nguyen Manh Hung.
Meanwhile, Pham Nhat Vu, former AVGChairman is charged with giving bribes inaccordance to Article 364, Clause 4 of the 2015 Criminal Code.
At the same time, Son, Tuan, Hai and Traare charged with receiving bribes under Article 354, Clause 4 of the 2015Criminal Code.
According to the indictment of the Supreme People’s Court, in 2015, theMIC-run MobiFone bought 95 percent of AVG with 8.9 trillion VND (382.7 millionVND), many times higher than the real value of the struggling AVG at that time.
During the purchasing process, Son, Tuan,Tra and Hai made use of their positions to speed up the deal without theapproval of the Prime Minister, despite their knowledge of the poor financialand business situation of AVG. The deal caused a loss of over 6.47 trillion VND(278.21 million USD) to the State.
Son received3 million USD from AVG Chairman Vu while Tra, Hai and Tuan got 2.5 million USD,500,000 USD and 200,000 USD, respectively, to accelerate the transaction./.
There will be 14 defendants at the trial, which is slated to last untilDecember 31.
Among the defendants there are two former ministers of information andcommunications (MIC) – Nguyen Bac Son and Truong Minh Tuan.
Son, Tuan and 11 others are indicted on the charge of “violatingregulations on the management and use of public capital causing seriousconsequences” under Article 220, Clause 3 of the 2015 Criminal Code.
The 11 other defendants accused of the same charge are Pham Dinh Trong,former head of the MIC’s Department of Enterprise Management; Vo Van Manh andHoang Duy Quang from AMAX investment consultancy and valuation company; three formerMobiFone leaders - Le Nam Tra, Cao Duy Hai and Phan Thi Hoa Mai; and fiveDeputy General Directors of MobiFone – Pham Thi Phuong Anh, Ho Tuan, NguyenDang Nguyen, Nguyen Bao Long and Nguyen Manh Hung.
Meanwhile, Pham Nhat Vu, former AVGChairman is charged with giving bribes inaccordance to Article 364, Clause 4 of the 2015 Criminal Code.
At the same time, Son, Tuan, Hai and Traare charged with receiving bribes under Article 354, Clause 4 of the 2015Criminal Code.
According to the indictment of the Supreme People’s Court, in 2015, theMIC-run MobiFone bought 95 percent of AVG with 8.9 trillion VND (382.7 millionVND), many times higher than the real value of the struggling AVG at that time.
During the purchasing process, Son, Tuan,Tra and Hai made use of their positions to speed up the deal without theapproval of the Prime Minister, despite their knowledge of the poor financialand business situation of AVG. The deal caused a loss of over 6.47 trillion VND(278.21 million USD) to the State.
Son received3 million USD from AVG Chairman Vu while Tra, Hai and Tuan got 2.5 million USD,500,000 USD and 200,000 USD, respectively, to accelerate the transaction./.
VNA
