Tin is prosecuted along with four others with the charge of “violating regulations on management and use of State assets, causing losses and wastefulness” in accordance with Clause 3, Article 219 of the 2015 Penal Code.
According to the indictment, Tin was in charge of issues regarding construction, land management and environment in the city.
He was clearly aware that the land and housing at 15 Thi Sach in HCMC is under the State management but still directly instructed the Department of Natural Resources and Environment to help North South Construction JSC 79 with procedures to lease the land without reporting to the Chairman of the People’s Committee.
His four accomplices proposed Tin issue a decision on land lease, house sale and tax deduction illegally.
Their acts caused a loss of VND808.7 billion ($34.77 million ) as of September 17 last year when police began an investigation into the case.
They also facilitated Phan Van Anh Vu (alias “Vu Nhom”), former Chairman of the company, and his partners to build an 18-storey building, sell and rent it out to 114 domestic and foreign clients, earning more than VND1.03 trillion.
The case is expected to continue causing losses to the State due to its complexity.