Nation Probe into Vinashin losses urged The Saigon Times Daily Friday, Jan 24, 2020,09:24 (GMT+7) Probe into Vinashin losses urgedThe Saigon Times Daily The headquarters of Vinashin, which was later restructured into Shipbuilding Industry Corporation – PHOTO: DAN TRI HCMC – The Ministry of Public Security will likely launch an investigation into two cases in which Vietnam Shipbuilding Industry Group (Vinashin) is alleged to have caused losses of over VND1.2 trillion, reported Thanh Nien newspaper. Deputy Chief Inspector of the Government Bui Ngoc Lam on January 22 signed a statement on conclusions of an inspection into the management and use of VND2.2 trillion in debts which the Vietnam Oil and Gas Group (PVN) paid back to Vinashin, and VND4.1 trillion that the Government had advanced to Vinashin for its restructuring plan. For some individuals of Vinashin who had received out-of-contract interest payments from Ocean Commercial Bank (OceanBank), they were charged in line with prevailing regulations, the Government Inspectorate said. The inspectorate petitioned the prime minister to direct the MPS to tackle the two cases involving Vinashin, which was later restructured into Shipbuilding Industry Corporation (SBIC). In the first case, the State-run shipbuilder falsified documents to withdraw money from a VND4.19 trillion fund and made… Read full this story
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