VEAM lost hundreds of billions under former President Tran Ngoc Ha

The People’s Court of Hanoi has just received the case file of a violation that occurred at the Vietnam Engines and Agricultural Machinery Corporation (VEAM) to research and bring 17 defendants to trial for the crimes of “violating regulations”. on the management and use of State assets causing loss and waste” and “Lack of responsibility causing serious consequences”.

According to the indictment, VEAM represents the owner is the Ministry of Industry and Trade (with more than 88%). VEAM Transport and Trading Joint Stock Company – Vetranco is a subsidiary of VEAM.

During the period from 2011 to 2013, defendant Vu Tu Cong (VEAM Chief Accountant) advised, proposed and drafted documents to submit to defendant Lam Chi Quang (VEAM General Director) to sign 5 payment guarantee certificates. banks lend Vetranco a total of 193 billion dong for business.

By the due date, Vetranco’s side did not have enough money to repay the debt, so VEAM was forced to collect or pay debts on behalf of Vetranco for a total amount of nearly 76 billion VND.

In addition, the prosecuting agency alleges that when implementing an investment project to produce a medium-sized four-wheel tractor and signing and implementing two agreements, VEAM – ZIBO, investment and development of right-hand drive cars of the leaders. VEAM has caused the State more than 66 billion VND in damage.

Mr. Tran Ngoc Ha (chairman of the Member Council of VEAM for the period 2011-2014) is accused of, with his powers and responsibilities, that he must know that the payment guarantee for Vetranco is a violation of the loan guarantee ratio according to the regulations. laws. However, the accused still created conditions for his subordinates to make guarantees and loans in contravention of regulations.

In 2015, defendant Ha arbitrarily decided to cooperate with T-King Company (China) to implement an investment plan to develop right-hand drive cars for export to Sri Lanka, but there was no Decree. decision of the Board of Directors of VEAM, not included in the approved business plan of VEAM.

Mr. Ha decided to transfer an advance of $ 400,000 to T-King to research and develop right-hand drive car components. Because the above plan could not be implemented, the advance could not be recovered, so VEAM suffered a loss of nearly 10 billion dong.

Tran Ngoc Ha’s behavior violates the provisions of Articles 91 and 99 of the Enterprise Law 2014; Article 24 Law on management and use of state capital…

In 2016, VEAM’s project “Investment in production of medium-sized four-wheel tractors” was in the investment preparation stage and had not been considered and decided by the Ministry of Industry and Trade, but Mr. Ha with the title at that time was Mr. The General Director of VEAM still signed a License Supply Contract with ISEKI Company (Japan) and paid 2 installments, amounting to USD 2.5 million, but then there was no basis to withdraw, causing damage. damage to VEAM amount of more than 56 billion.

Tran Ngoc Ha’s behavior violates Article 50 of the 2014 Law on Construction; Article 6 Decree No. 59/2015/ND-CP dated June 18, 2015 of the Government…

According to Hoang An