Tat Thanh Cang is a victim of subordinates?

On the afternoon of June 6, responding to the interrogation of the VKS representative about selling shares to Nguyen Kim cheaply, Mr. Tat Thanh Cang (former Standing Deputy Secretary of the Ho Chi Minh City Party Committee) said, after receiving Report No. 1148 signed by Pham Van Thong (former Deputy Chief of the City Party Committee’s office), asking for a policy on the plan, proposing to approve the policy for the City Party Committee’s Office to vote and approve for Sadeco to issue 9 million shares; accompanied by an numeric statement of two capital representatives of the City Party Committee’s Office in Sadeco, and Statement 12A of the accused Ho Thi Thanh Phuc (Sadeco General Director), the defendant wrote “agree” in the report. 1148.

According to Mr. Cang, the policy from Report 1148 is concretized by Notice 495, this is a directive for the City Party Committee’s Office to vote to approve the plan to issue shares to strategic shareholders, increase charter capital. at Sadeco.

However, according to defendant Tat Thanh Cang, at the 2017 General Meeting of Shareholders of Sadeco, the members relied on Statement 13 to vote on the plan to issue shares to strategic shareholders. Nguyen Kim Company.

Mr. Tat Thanh Cang testified that when he received Report 12A from defendant Ho Thi Thanh Phuc, he did not know about Statement 13, but later when he was able to access it, he saw 2 different reports in terms of content and nature.

According to Mr. Cang, there are three differences: in Statement 12A, “Estimated price is 40,000 VND”, and in Statement 13, “Price is 40,000 VND”.

Proposal 12A is presenting 2 options to choose 1, while Proposal 13 clearly states the issuance of shares at the price of 40,000 VND to Nguyen Kim Company after the meeting. Proposal 13 clearly states that the strategic shareholder is Nguyen Kim Company, and Proposal 12A only records the issuance of shares to strategic shareholders.

“The defendant was only a victim of fraud when the Statement No. 13 was fabricated,” stressed Mr. Tat Thanh Cang.

Defendant Te Tri Dung (former General Director of IPC) testified that he did not know about Statement 12A and that this report had no legal value.

Tomorrow afternoon, the trial will enter the argument part. The jury announced that tomorrow will summon defendant Vu Xuan Duc (former deputy general director of IPC) to the court (Defendant Duc is currently being held in custody in another case).

Thanh Phuong- Thanh Tung