On September 4, former General Director of Saigon Jewelry Company (SJC) Le Thuy Hang was prosecuted by the Supreme People's Procuracy for embezzlement and abuse of position and power while performing official duties.
Ms. Le Thuy Hang was accused of inserting foreign materials when processing distorted gold for the State Bank, "producing 6,255 taels of SJC gold bars against regulations".
In response to rumors on social networks that this gold is "silver gold", "mixed gold"... causing public confusion, SJC company has spoken out to deny it. The company affirmed that the court
All gold bars are produced according to strict processes, ensuring quality and compliance with legal regulations.
Specifically, gold put into production is inspected from the input stage of purity. Each piece of gold is weighed to an exact weight of 37.5 grams before being stamped and shaped. After being stamped and shaped, the KCS (Knowledge Centered Support) department will check the quality of each piece of gold. Gold pieces that meet the standards will be serial numbered and tested for gold content using high-precision technology before being pressed and packaged for export.
Close-up of SJC gold bars (Photo: Manh Quan).
Mr. Dao Cong Thang, Acting General Director of SJC Company emphasized: "The amount of 6,255 taels of gold circulating on the market still meets the normal circulation standards. SJC Company is responsible for ensuring that SJC gold bars are processed and produced at the SJC gold factory according to the law. At the same time, it ensures the legitimate rights of customers."
SJC Company said it is committed to continuing to maintain its role as a key State-owned enterprise in the gold, silver, and gemstone sector, providing the market with products that ensure quality, the correct gold age, transparency, and absolute safety.
Since 2012, the State Bank has been the only entity licensed to produce gold bars, choosing SJC as the national gold bar brand.
SJC holds the largest market share of gold bars in the country. SJC is assigned by the State Bank to produce and reprocess dented SJC gold bars, produce SJC gold rings and sell SJC gold bars for price stabilization. Enterprises are allowed to proactively determine the price of SJC gold bars.
From October 10, according to the Decree amending Decree 24 of the Government, the monopoly mechanism for gold bar production will be abolished. Instead, the State Bank will grant licenses to buy, sell and trade this item to qualified businesses and banks.
Dantri.com.vn
Source: https://dantri.com.vn/kinh-doanh/cuu-tong-giam-doc-sjc-bi-truy-to-cong-ty-khang-dinh-vang-mieng-dat-chuan-20250911082404321.htm
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