Ex-PetroVietnam Chairman to be prosecuted for violations in Phu Tho ethanol case
The Ministry of Public Security’s Security Investigation Agency has proposed prosecuting Dinh La Thang, former Chairman of the Board of Directors of the Vietnam Oil and Gas Group (PetroVietnam) and nine accomplices on charges of violating regulations on construction works, causing serious consequences at the Petrochemical and Bio-Fuel JSC (PVB) - a subsidiary of this group.
Dinh La Thang, ex-PetroVietnam Chairman (Photo: VNA)
Hanoi (VNA) – The Ministry of Public Security’sSecurity Investigation Agency has proposed prosecuting Dinh La Thang, former Chairmanof the Board of Directors of the Vietnam Oil and Gas Group (PetroVietnam) andnine accomplices on charges of violating regulations on construction works,causing serious consequences at the Petrochemical and Bio-Fuel JSC (PVB) - a subsidiary of this group.
According to the investigation result, Thang signed adecision approving an ethanol factory project in the northern province of PhuTho. A year later, PetroVietnam estasblished a steering committee led by Thangto launch bio-fuel projects.
PVB later invited bidding for a package TK05 named “Design,procurement, supply of equipment and construction of ethanol factory in thenorth”.
Though six contractors were unqualified, Thang and hissubordinates signed many documents directing joint venture PVC/AlftaLaval/Delta-T to join the project.
During the implementation, the project was forced to suspendin March 2013 due to the joint-venture’s poor capability, resulting in a State budget loss of over 540 billion VND (23.4 million USD).
PVB’s former General Director Vu Thanh Ha and former deputyhead of the project's investment office Nguyen Xuan Thuy were also found to commit violationsin the case.
In 2018, Thang was given a total of 30 years in prison for his involvement in two other cases at PetroVietnam./.
The Hanoi People’s Court will open proceedings in the trial of Dinh La Thang and his accomplices accused of wrongdoings at PetroVietnam Construction Joint Stock Corporation (PVC) on January 8, 2018.
Police on January 20 launched criminal proceedings against Dinh La Thang, former Chairman of the Vietnam National Oil and Gas Group (PetroVietnam), for his suspected violations regarding the Petrochemical and Bio-Fuel JSC – a subsidiary of this group.
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Dinh La Thang, ex-PetroVietnam Chairman (Photo: VNA) 
