Four suspects charged in connection with the Phu Tho Ethanol case.
The Ministry of Public Security has just initiated legal proceedings, arrested and detained suspects, and conducted searches of individuals involved in the Phu Tho Ethanol case on charges of "Violating regulations on investment in construction projects causing serious consequences".
Expanding the investigation into the case at the Petrochemical and Biofuel Joint Stock Company (Phu Tho Ethanol Case), on November 14th, the Security Investigation Agency of the Ministry of Public Security issued decisions to prosecute, arrest, and search warrants against three individuals for the crime of "Violating regulations on investment in construction projects causing serious consequences" as stipulated in Article 224 of the Penal Code, against:
The defendants include: Nguyen Xuan Thuy (born 1961), former Deputy Head of the Project Investment Department of Petrochemical and Biofuel Joint Stock Company; Hoang Dinh Tam (born 1981), former Head of the Finance and Accounting Department; Khuong Anh Tuan (born 1975), former Deputy Head of the Commercial Department; and Le Thanh Thai (born 1960), Head of the Commercial Department of Petrochemical and Biofuel Joint Stock Company.
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| The suspect is Nguyen Xuan Thuy. |
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| The suspect is Khuong Anh Tuan. |
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| The suspect is Hoang Dinh Tam. |
Simultaneously, the decision to prosecute the suspect, the order prohibiting him from leaving his place of residence, and the search warrant were served on Le Thanh Thai (born in 1960), Head of the Commercial Department of Petrochemical and Biofuel Joint Stock Company.
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| The suspect is Le Thanh Thai. |
Previously, on June 21, the Security Investigation Agency of the Ministry of Public Security initiated legal proceedings and temporarily detained Vu Thanh Ha, former General Director of Petrochemical and Biofuel Joint Stock Company, on the same charges.
Phu Tho Ethanol is a biofuel project aimed at producing ethanol as a blending agent for biofuel production. It was started by PVB Joint Stock Company in June 2009 on an area of 50 hectares (primarily rice paddy land belonging to the people of three communes: Co Tiet, Tam Cuong, and Van Luong - Tam Nong district, Phu Tho province).
The project had an initial investment of approximately 1,700 billion VND, which was later adjusted to over 2,400 billion VND.
According to the Government Inspectorate, the Phu Tho Ethanol Plant project had cost more than 1,534 billion VND but remained unfinished and stalled at the time of the inspection (September 2016). Following the discovery of violations, the Government Inspectorate transferred the case file to the Ministry of Public Security for further investigation and handling.
The investigating agency has clarified several violations of the law that caused damage to the aforementioned project.
