Mr. Vu Bang, Tran Van Dung, Nguyen Thanh Long, Le Hai Tra, Nguyen Son are responsible for violations and shortcomings in the securities sector.
From March 28 to March 31, 2022, in Hanoi, the Central Inspection Committee held its 13th session. Mr. Tran Cam Tu, Politburo member, Secretary of the Party Central Committee, Chairman of the Inspection Committee The Central Committee presides over the meeting.
Conclusion of the meeting related to the review of inspection results when there are signs of violations against the Party Committee of the State Securities Commission for the 2015-2020 term, the Central Inspection Committee found that:
The Party Committee of the State Securities Commission has violated the principle of democratic centralism and the working regulations; lack of responsibility, loose leadership, direction, lack of inspection and supervision, so that some organizations and individuals under the State Securities Commission have many violations and shortcomings in advising on institutional building, policies and implementation of state management of securities activities and the securities market, so that a number of organizations and individuals violate the law, manipulate the market, and gain illicit profits.
Comrades: Vu Bangformer Secretary of the Party Committee, former Chairman of the State Securities Commission; Tran Van DungSecretary of the Party Committee, Chairman of the State Securities Commission; Nguyen Thanh LongSecretary of the Party Committee of the Hanoi Stock Exchange, Chairman of the Members’ Council of the Vietnam Stock Exchange, former Deputy Secretary of the Party Committee, former Vice Chairman of the State Securities Commission, former Chairman of the Board administration of the Hanoi Stock Exchange; Le Hai TraSecretary of the Party Committee, General Director of Ho Chi Minh City Stock Exchange, former Member in charge of the Board of Directors; Nguyen SonThe Secretary of the Party Committee and the Chairman of the Board of Directors of the Vietnam Securities Depository Center are jointly responsible for the violations and shortcomings of the Party Committee of the State Securities Commission and the City Stock Exchange. Ho Chi Minh City, Hanoi Stock Exchange, Vietnam Securities Depository Center; take personal responsibility for violations and shortcomings in the performance of assigned responsibilities and tasks.
The Central Inspection Committee believes that the above violations have caused serious consequences, negatively affecting the stock market, reducing investor confidence, and the reputation of party organizations and the Securities and Exchange Commission. The state, causing irritation in society, to the point of having to consider and handle discipline.
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