Arrest of company director who used 12 billion budget for personal purposes
Mr. Pham Ba Linh - Director of Hoang Thong Construction Joint Stock Company advanced 12 billion VND but did not use it to construct the project as committed, but instead appropriated it for personal use.
The Investigation Police Agency of Quang Nam Province has just prosecuted and temporarily detained Pham Ba Linh - Director of Hoang Thong Construction Joint Stock Company for the crime of "Fraudulent appropriation of property”.
At the same time, the decision to prosecute the accused and the order to prohibit leaving the place of residence were served to Thai Minh Hoang - former Director of the Project Management Board of Nam Giang district for the act of "Violating regulations on management and use of State assets causing loss and waste".
According to the investigation, in 2016, Mr. Thai Minh Hoang, Director of the Nam Giang District Project Management Board, signed a contract with Hoang Thong Construction Joint Stock Company, directed by Mr. Pham Ba Linh, to construct the Nam Giang District Administrative Center Road project.
During the contract implementation, Hoang Thong Company advanced over 12 billion VND but did not use it to construct the project as committed, but appropriated it for personal use.
The case is under further investigation and clarification.
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