Home News Vietnam Mr. Vu Huy Hoang: ‘Golden land’ Sabeco is not an important project

Mr. Vu Huy Hoang: ‘Golden land’ Sabeco is not an important project

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Defendant Vu Huy Hoang said that the project in the ‘golden land’ area 2-4-6 Hai Ba Trung is not an important project of the Ministry, so the Minister cannot grasp all.
On the afternoon of April 22, the Hanoi City People’s Court continued the first instance trial of former Minister of Industry and Trade Vu Huy Hoang and 9 other defendants in the case “Violation of regulations on the management and use of state property causes losses. escape, waste “and” Violation of land management regulations “occurred at the Ministry of Industry and Trade and Ho Chi Minh City.

Former Minister Vu Huy Hoang denied the blame on his subordinates Responding to the Panel’s question, the reason for having autographs signed by former Deputy Minister Ho Thi Kim Thoa, the defendant Vu Huy Hoang said that the Ministry of Industry and Trade has a working regulation, specifying each field and each consensus. director in charge. When handling related cases, the person in charge directly responsible, in case the person in charge is absent, can consult with the leader to handle it instead. “Although the assigned people take initiative in their field, if they consider it necessary to consult with members of the board of directors and leaders like me, they actively consult with me. I can only consult when I am. I was asked to attend. Likewise, in important meetings, the person in charge who is away can ask someone else to hold the meeting. “ , the defendant Vu Huy Hoang explained. Former Minister of Industry and Trade Vu Huy Hoang and his accomplices in court. (Photo: VNA) In court, the former Minister of Industry and Trade also denied that he blamed his subordinates. “I apologize to VKS, reading the indictment this morning saying that I do not accept responsibility within my scope, I reaffirm before the Panel, I have no opinion to blame, blame other individuals for the What is happening if I am the person directly in charge. I am personally responsible for the things I am in charge of, directing and being consulted. for others, including subordinates “ , the defendant Vu Huy Hoang explained. Talking about the responsibility for the damage to the State property, the defendant Vu Huy Hoang still affirmed that, according to the regulations, the head is responsible for general but the tasks are clearly assigned to each leader. “Me and the other members are in general management, can not find out. The enterprise is proactive in production and business, Sabeco has been equitized, the management is through the assistant department. Today after listening to the news. believe, I see this project is not an important work of the Ministry, not to say of the State, the Minister cannot grasp all “, Mr. Hoang presented. “Golden land” falls into private hands because the Ministry of Industry and Trade pressured? In this case, Mr. Phan Dang Tuat, former Chairman of the Board of Directors, State Capital Management Board for the period 2012-2015, signed a number of investor selection documents. Mr. Tuat was not examined for penal liability and attended the trial as a person with related rights and obligations. Previously, in 2007, Sabeco cooperated with Sabeco Land to implement the project at 2-4-6 Hai Ba Trung (District 1, Ho Chi Minh City), but it was not financial enough because the amount of land use fee was 1,236 billion. copper. Although in 2012, the Government issued a Resolution 26 on divestment from outside the industry, but Mr. Vu Huy Hoang (former Minister of Industry and Trade), Ho Thi Kim Thoa (former Deputy Minister of Industry and Trade, was in hiding) continued to direct Sabeco invests in real estate projects. On April 23, 2014, Sabeco issued official dispatch No. 10 proposing for Sabeco to implement the project with a group of new investors to establish Sabeco Pearl, Sabeco also transferred the above land use right to Sabeco Pearl. In the process of implementing mistakes, Sabeco divested cheap capital, leading to gold land falling into private hands, the state suffered more than 2,700 billion VND losses. In response to the panel, Mr. Tuat admitted that Sabeco is the only corporation known as rich but has no office and has to hire. Rent is also budgetary. Sabeco considers its responsibility to quickly get an office. When Sabeco Land withdrew from the 2-4-6 Hai Ba Trung project, new investors were excited. Mr. Tuat signed the official letter No. 10 with reference to other companies in the industry and trade. After the approval of the Ministry of Industry and Trade, Sabeco meets with investors, drafting the contract. “I only attended the first time when the parties greeted each other, then discussed the implementation of the contract, conditions, terms … The negotiation of the project is based on the old project” Mr. Tuan said. Referring to the document sent to the People’s Committee of Ho Chi Minh City to agree to Sabeco Pear to fulfill financial obligations, Mr. Tuat said that after completing the dossier with the investor, Sabeco made a joint venture cooperation contract and submitted it to the People’s Committee for project implementation. Mr. Tuat admitted that signing the official letter was not authorized because at that time, the legal representative was absent. “Sabeco submitted the application but more than a month later, there is no reply. The Ministry of Industry and Trade urged us to quickly implement the project … “ Mr. Tuat explained. Mr. Tuat added: “In Sabeco it is customary to just go to meetings about land and call me. All the city documents sent to Sabeco on land are sent to me, I attend ”. Mr. Tuat also said that before issuing an official letter to Sabeco Pear to fulfill its financial obligations, Sabeco had to report to the Ministry of Industry and Trade. In response to the judge’s questions about his responsibilities related to the case, Mr. Tuat replied: “I think in the process of working, the only mistake is being too aggressive and enthusiastic. Should have waited time. Because the Ministry of Industry and Trade pressured. The Ministry also urged the late payment fines of 18.5 billion each year. After 1 month of submitting the application, we did not respond, we were in a hurry… ”. Present at the court, the representative of Me Linh Square Joint Stock Company (formerly Sabeco Pearl) said that the unit is currently managing the “golden land” above. Shareholders participating in the company since April 2017 have not been prosecuted for the case for less than 1 year, since then the land has been vacant, not deployed, causing great damage to the company. “We consider the records, all documents of the state are true, true, we believe in them. When we attended court, it was discovered that there were many incidents happening between different regulatory agencies, not related to us. Ask the court to look and protect our rights ” This taste added.