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Update news business scandals in vietnam
A shocking accounting error sees Thang Long Thermal Power correcting its financials from profit to loss after nearly a year.
With over $5.5 million in bribes, Hau “Phao” dominated public projects, causing massive state losses and legal fallout.
Nguyen Van Hau’s sister described how she packed and delivered cash to her brother, who then handed it to former Party Secretary Hoang Thi Thuy Lan.
Investigators uncover massive bribery by Phuc Son Group’s chairman, who bribed provincial officials to lower land prices at the Vinh Phuc project.
Authorities have confiscated a massive collection of assets linked to the corruption scandal involving Nguyen Van Hau, also known as Hau ‘Phao’, chairman of Phuc Son Group.
Phuc Son Group Chairman Nguyen Van Hau is accused of fraudulent bidding and contract resale, illicitly profiting over $11.3 million from public funds.
Investigators reveal how real estate tycoon Nguyen Van Hau cultivated relationships with high-ranking officials to influence major development projects.
Phuc Son Group chairman Nguyen Van Hau allegedly funneled over $3 million to a former district official in Vinh Long to influence leadership decisions and secure business advantages.
Hau "Phao" sold 1,317 land lots, concealing 2,072 billion VND off the books, leading to over 504 billion VND in tax losses for the Vietnamese government.
The Phuc Son Group scandal unfolds as 41 high-ranking individuals are accused of bribery, bid-rigging, and financial mismanagement in Vietnam.
In a shocking revelation, businessman Hau "Phao" is accused of paying over 132 billion VND ($5.3 million) in bribes, including a $1 million cash handoff to former Party Secretary Hoang Thuy Lan.
A Ministry of Public Security investigation has uncovered a bribery network involving Phuc Son Group, with former Vinh Phuc Party Secretary Hoang Thi Thuy Lan accused of accepting nearly $2 million.
Despite celebrity apologies and promised refunds, concerns remain over the product's production process and official test results.
Amid accusations of misleading advertising, CER Group has clarified its claims regarding Kera candy. The company, and its influencer partners, acknowledged marketing errors and promised corrective measures, including a refund policy for buyers.
The chairman, his wife, and his brother face legal charges over tax evasion and failure to comply with shareholder rights in a corporate dispute at Tan Tan Peanut Company.
All five board members of Rang Dong Plastics have resigned. Rang Dong, together with Dien Quang, are businesses linked to former Deputy Minister of Industry and Trade Ho Thi Kim Thoa.
HCM City authorities have announced a compensation plan for tens of thousands of bondholders who were misled into purchasing bonds through a private lender in a case considered Vietnam’s worst financial fraud.
Vietnamese authorities have uncovered a massive tax evasion and smuggling operation involving Luu Anh Tuan, Chairman of Vietnam Rare Earth Company.
Investigators found that Thai Duong Group engaged in unauthorized resource extraction, smuggling, and tax fraud over a four-year period.
Trinh Xuan Nghiem, chairman of Anh Phat Construction and Trade Investment Corporation, has been arrested for alleged negligence in managing a state-owned iron ore mine, causing significant financial losses.