The Ministry of Public Security’s Investigation Agency has officially launched a criminal investigation into violations involving the management and use of state assets, bribery, and bribery brokerage at Viet Trung Minerals and Metallurgy Company (VTM).

On the evening of June 3, the Department of Economic, Corruption, and Smuggling Crime Investigation under the Ministry of Public Security issued a decision to prosecute the case involving multiple serious charges: “Violations in the management and use of state assets causing losses and waste; giving bribes; receiving bribes; and bribery brokerage.” The investigation is centered around Viet Trung Minerals and Metallurgy Company (VTM) and related entities.

At the same time, the authorities issued decisions to prosecute and search the premises of eight individuals involved.

Those indicted include:

Bui Thanh Binh, CEO of VTM, who faces two charges: “Violating regulations on the management and use of state assets causing loss and waste” and “Receiving bribes.”

Nguyen Van Binh, Chairman of the Board of Directors of Viet Phat Import-Export Trading Investment JSC; Ngo Tien Cuong, Director of Tien Dai Phat Co., Ltd.; Nguyen Duy Nghiep, Director of An Binh Agricultural Export-Import Co., Ltd.; Nguyen Xuan Tot, Director of Trung Thanh Thai Nguyen Co., Ltd.; and Nguyen Van Duc, CEO of Viet Phat Import-Export Trading Investment JSC, are all charged with “Giving bribes.”

Le Xuan Dinh is charged with “Bribery brokerage.”

Nguyen Truong Giang, former Head of Quality Management and Measurement at VTM, is charged with “Receiving bribes.”

According to the Ministry of Public Security, the case is under the direct supervision and guidance of the Central Steering Committee for Anti-Corruption and Misconduct.

Investigations are ongoing to clarify violations and determine the responsibilities of involved organizations, enterprises, and individuals. Authorities are also working to trace and seize assets for potential recovery.

Dinh Hieu