- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: [email protected]
Update news business scandals in vietnam
Phuc Son Group chairman Nguyen Van Hau allegedly funneled over $3 million to a former district official in Vinh Long to influence leadership decisions and secure business advantages.
Hau "Phao" sold 1,317 land lots, concealing 2,072 billion VND off the books, leading to over 504 billion VND in tax losses for the Vietnamese government.
The Phuc Son Group scandal unfolds as 41 high-ranking individuals are accused of bribery, bid-rigging, and financial mismanagement in Vietnam.
In a shocking revelation, businessman Hau "Phao" is accused of paying over 132 billion VND ($5.3 million) in bribes, including a $1 million cash handoff to former Party Secretary Hoang Thuy Lan.
A Ministry of Public Security investigation has uncovered a bribery network involving Phuc Son Group, with former Vinh Phuc Party Secretary Hoang Thi Thuy Lan accused of accepting nearly $2 million.
Despite celebrity apologies and promised refunds, concerns remain over the product's production process and official test results.
Amid accusations of misleading advertising, CER Group has clarified its claims regarding Kera candy. The company, and its influencer partners, acknowledged marketing errors and promised corrective measures, including a refund policy for buyers.
The chairman, his wife, and his brother face legal charges over tax evasion and failure to comply with shareholder rights in a corporate dispute at Tan Tan Peanut Company.
All five board members of Rang Dong Plastics have resigned. Rang Dong, together with Dien Quang, are businesses linked to former Deputy Minister of Industry and Trade Ho Thi Kim Thoa.
HCM City authorities have announced a compensation plan for tens of thousands of bondholders who were misled into purchasing bonds through a private lender in a case considered Vietnam’s worst financial fraud.
Vietnamese authorities have uncovered a massive tax evasion and smuggling operation involving Luu Anh Tuan, Chairman of Vietnam Rare Earth Company.
Investigators found that Thai Duong Group engaged in unauthorized resource extraction, smuggling, and tax fraud over a four-year period.
Trinh Xuan Nghiem, chairman of Anh Phat Construction and Trade Investment Corporation, has been arrested for alleged negligence in managing a state-owned iron ore mine, causing significant financial losses.
Do Xuan Lap, a key figure in Vietnam’s wood industry, has been arrested for gambling, marking a dramatic fall for the CEO of Tien Dat Wood Technology Corporation and Chairman of Viforest.
Ho Chi Minh City has disciplined two party organizations and five officials for violations linked to major infrastructure projects managed by Thuan An Group, underscoring efforts to address corruption.
The court rejected clemency for Truong My Lan, citing the gravity of her crimes, but allowed her seven days to appeal for presidential clemency.
Will restitution and pledges for public welfare save Truong My Lan from execution in one of Vietnam’s largest embezzlement cases?
The indictment concluded that the actions of Hạnh and her co-conspirators not only caused significant State budget losses, but also eroded public trust in government management.
During the ongoing trial, Truong My Lan expressed emotional turmoil as the prosecution reaffirmed its stance on the death penalty.
The High People’s Court in Ho Chi Minh City on November 4 opened the appellate trial for the case involving property developer Van Thinh Phat Group and Saigon Commercial Joint Stock Bank (SCB).