SGGP
On August 24, the Ho Chi Minh City People's Court is scheduled to try defendant Phan Minh Tan (former Director of the Ho Chi Minh City Department of Science and Technology) and 5 other defendants for the crime of "Violating regulations on management and use of public investment capital causing serious consequences".
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| Mr. Phan Minh Tan during his term. Photo: NLĐ |
According to the indictment of the Ho Chi Minh City People's Procuracy, the Ho Chi Minh City Science and Technology Development Fund is a non-profit financial organization with the function of promoting the application of scientific research results and technology development, technology transfer of Ho Chi Minh City...
The Fund's Management Board is chaired by Mr. Phan Minh Tan. In August 2009, Nguyen Trong Vu, Director of Huy Hoang Technology Investment and Development Company, sent an official dispatch to the Department of Science and Technology of Ho Chi Minh City requesting financial support from the science career budget in the amount of 5.1 billion VND to implement project 1. However, this company still did not complete the project, did not return the funds to the fund, causing a loss of more than 3.1 billion VND.
In September 2009, Vu sent an official dispatch to the Department of Science and Technology of Ho Chi Minh City requesting a loan of 10 billion VND to implement project 2. In 2010, Mr. Tan signed a document concluding that the project met the requirements and agreed to the loan. After receiving the disbursement, Vu left the country on May 13, 2011.
During the investigation, Mr. Tan stated that he knew Huy Hoang Company did not have sufficient financial capacity but still agreed to approve the loan. However, Mr. Tan and his accomplices said that the loan approval was in accordance with regulations. As of June 30, 2021, the loss of Project 2 was nearly 19.5 billion VND (both principal and interest). The total loss of the 2 projects was more than 22.6 billion VND.
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