Mr. Pham Nhat Vu was arrested on charges of bribery.
The Ministry of Public Security prosecuted and detained Mr. Pham Nhat Vu (former Chairman of Global Audio Visual Joint Stock Company - AVG).
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Mr. Pham Nhat Vu. Photo.HL |
On April 12, the Investigation Police Agency (C03, Ministry of Public Security) issued a decision to prosecute and detain Mr. Pham Nhat Vu (47 years old, Chairman of Global Audio Visual Joint Stock Company - AVG) to investigate the crime.Bribery,according to clause 4, article 364 of the 2015 Penal Code.
The decision to prosecute Mr. Vu is part of the ongoing investigation into the case of Violations of regulations on management and use of public investment capital causing serious consequences at Mobifone Telecommunications Corporation and related units of the Ministry of Public Security's Investigation Police Agency (C03).
AVG Company was established with a charter capital of 1,800 billion VND. AVG, headed by Mr. Pham Nhat Vu, has developed remarkably over many years and is the leading company providing pay TV services on the DVB-T2 terrestrial digital system, DVB-S2 satellite number, and Internet TV in Vietnam.
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Violations in MobiFone project to buy AVG shares. |
In mid-March 2018, the Government Inspectorate announced the conclusion of a comprehensive inspection of the Mobi Fone project to buy 95% of AVG's shares, stating that "there is a real risk of serious damage to State capital at MobiFone of about VND 7,006 billion"... MobiFone and AVG then agreed to cancel the transfer contract. The AVG shareholder group returned more than VND 8,500 billion, including the entire value of 95% of shares and VND 60 billion for related expenses.
Currently, related to the case, the authorities have prosecuted more than 10 officials, including two former Ministers of Information and Communications Nguyen Bac Son and Truong Minh Tuan; Mr. Cao Duy Hai (former General Director of MobiFone), Ms. Pham Thi Phuong Anh (former Deputy General Director), Le Nam Tra (former Chairman of the Board of Members, former General Director of MobiFone) and Pham Dinh Trong (48 years old, former Head of the Department of Enterprise Management, Ministry of Information and Communications); prosecuted and detained Mr. Le Nam Tra (57 years old, former Chairman of the Board of Members, former General Director of MobiFone) and Mr. Pham Dinh Trong (48 years old, Head of the Department of Enterprise Management, Ministry of Information and Communications).
