Recently, Chairman of Quang Ngai Provincial People's Committee Dang Van Minh directed the Departments: Planning and Investment; Build; Natural Resources and Environment; Finance; Internal Affairs and the Provincial Tax Department on providing information and documents at the request of the Police Department investigating corruption, economic and smuggling crimes of the Ministry of Public Security (Economic Police Department).
Phuc Son Group once won the construction contract for the southern bank of Tra Khuc River project.
Previously, on February 25, 2, the Economic Police Department sent an official dispatch to the People's Committee of Quang Ngai province with the content of investigating and verifying a case with signs of violating the law in the fields of tax, accounting, and investment. Investment and implementation of projects and works occurring at Phuc Son Group Joint Stock Company (Phuc Son Group) and related units.
To serve the investigation, the Economic Police Department requested the People's Committee of Quang Ngai Province to provide and direct its affiliated units including: Department of Planning and Investment; Build; Natural Resources and Environment; The Tax Department... provides all information, records and documents related to the investment policy approval process; investor selection; Investing, constructing, declaring, fulfilling tax obligations, inspecting, checking... projects and works invested and constructed by Phuc Son Group and its member companies in the area Quang Ngai province.
According to the reporter's research, in 2012, Phuc Son Group won the construction contract for the southern bank of Tra Khuc River project with an investment capital of nearly 1.000 billion VND. Quang Ngai Department of Transport was assigned by this province to be the investor.
The project has a total length of more than 8,7km, the roadbed is 36m wide, and the road surface is 22m wide and is asphalt concrete. This is a completely new investment traffic project.
The project has a starting point adjacent to National Highway 1 at Km1.057 and an ending point adjacent to the traffic intersection leading to Co Luy bridge. The route is designed according to urban main street standards of level II, running along the south bank of Tra Khuc River through communes and wards of Quang Ngai City.
Most recently, in 2022, Phuc Son Group was approved by the People's Committee of Quang Ngai province to invest in the Bau Giang urban area project.
The project is implemented within 6 years from the date of selection of the investor. The project's operating term is 49 years, from the date of the decision on land allocation or land lease. This is an urban area project that selects investors in the form of bidding, invested with the goal of building a civilized, modern, and synchronous new urban area in terms of technical, social, and economic infrastructure. as well as closely linked to the surrounding landscape, in accordance with the planning orientation of Quang Ngai City and Tu Nghia district.
The project's area scale is 495.932 m2, including 294 commercial housing units located on the main road with an area of 46.089 m2, 274 social housing units with an area of 19.292 m2, 795 plots of land... Total capital Project investment is up to 3.318 billion VND.
Although it has only just been licensed, Nguyen Van Hau - Chairman of the Board of Directors of Phuc Son Group Joint Stock Company - has been preparing for the above project for a long time. In 2018, this 8X tycoon established Bau Giang Urban Area Company Limited in Quang Ngai. The company's initial charter capital was only 20 billion VND.
By 2019, Nguyen Van Hau became Chairman and General Director of the company, and increased equity to 250 billion VND. In both 2019 and 2020, Bau Giang Company did not earn any money, reporting losses of 494 million VND and 1 billion VND respectively.
On February 26, 2, the Police Investigation Agency of the Ministry of Public Security prosecuted the case of "Violation of accounting regulations causing serious consequences" that occurred at Phuc Son Group Joint Stock Company, Joint Stock Company. Thang Long Commercial and Real Estate Investment section and related units.
The Police Investigation Agency also issued decisions to prosecute the accused and temporarily detain Nguyen Van Hau - Chairman of the Board of Directors of Phuc Son Group Joint Stock Company; Nguyen Thi Hang (Deputy General Director of Phuc Son Group Joint Stock Company); Do Thi Mai (chief accountant of Phuc Son Group Joint Stock Company); Hoang Thi Tuyet Hanh (accountant, Phuc Son Group Joint Stock Company); Tran Huu Dinh (Director of Nam A Group Investment Joint Stock Company); Nguyen Hong Son (freelance worker).
The above defendants were prosecuted for acts of forgery, perjury, leaving out the accounting books of revenue and related assets... causing particularly serious damage to the State.
