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Mr. Tat Thanh Cang relates to the Sadeco case, Tan Thuan-IPC? | Society



On May 15, the police department investigated the police of the city of Ho Chi Minh, who prosecuted the defendants and executed arrest warrants for Ms. Ho Thi Thanh Phuc, general director of the joint-stock company Saigon South Development (abbreviated name). is Sadeco) to investigate the crime of "embezzlement of property" and "Violation of the regulations on management and use of state assets, causing losses and waste."

Early in the afternoon of May 14, Mr. Tri Tri Dung, general director of Tan Thuan Industrial Development Company Limited (IPC, in the short term) was also prosecuted and detained with the same crime.

Both defendants participated in the sale of 9 million shares of Sadeco to Nguyen Kim Company at low prices, causing huge losses for state-owned companies.

In March 2015, IPC auctioned more than 5.2 million shares of Sadeco to Exim Real Estate Joint Stock Company (Exim), with a price of more than 26,000 VND / share, reducing the share of capital contribution of 'IPC to Sadeco from 74, 8%, up to 44%.

The role of Mr. Tat Thanh Cang in the Sadeco case - photo 1Former Deputy Secretary of the Party of the City of Tat Thanh Cang

In September 2016, Exim sold all of these shares to Nguyen Kim Company for VND 57,000 / share. After that, the company Nguyen Kim proposed to buy more shares to become a strategic shareholder of Sadeco.

Subsequently, Sadeco had a resolution to increase the capital of his portfolio through stock issuance, choosing Nguyen Kim as a strategic partner and agreeing with the representative group of IPC capital in Sadeco.

According to the findings of the inspection, IPC did not comply with the regulations when it granted Nguyen Kim Company a strategic shareholder of Saigon South Development Joint Stock Company (Sadeco).

In June 2017, with the capture of capital, IPC sold 9 million shares to Nguyen Kim for 40,000 dong / share. The amount of VND 360 million collected by Sadeco was sent to the bank for interest.

The findings of the inspection indicated the sale of shares to 40,000 VND per share, if only the price of Exim shares sold was compared to Nguyen Kim Company (VND 57,000 per share in June 2016), causing losses to Sadeco VND 153 billion. copper

Initially, IPC contributed capital and took control of Sadeco. After the issue, Nguyen Kim acquired Sadeco with the property rate of 54%, while IPC only had more than 28%.

Paper by Mr. Tat Thanh Cang in the case of Sadeco - photo 2The head of the Sadeco company

The conclusion of the HCMC Inspection indicates the role and responsibility of Mr. Tat Thanh Cang, who at that time was the permanent vice-secretary of the City Party Committee in the missions mentioned above.

Specifically: under the restructuring scheme, IPC with a 44% ownership ratio does not need to reduce the ownership ratio to Sadeco, especially in the context in which this company is very profitable.

However, in two documents on May 31, 2017 and June 7, 2017, the company IPC cited that "… The Party Committee announced on 495 May 18, 2017 (attached document). attached), the transfer of the address of the Deputy Secretary of the Standing Committee of the Party approved the plan to issue shares to the strategic shareholders to increase the capital of the letter in Sadeco … ".

From this "embarrassment", the CPI has asked the Department of Finance of the city to approve and submit to the HCMC People's Committee to approve the plan to increase the charter capital and reduce the property's rate of ownership. IPC to Sadeco to 28.8%.

In the document signed on June 16, 2017, the People's Committee of the HCMC added the role and impact of Saigon South's joint venture development company on the development of Saigon South, IPC said: ". … Also, the permanent member of the Party Committee approved the policy of issuing shares to strategic shareholders to increase the capital of the Charter in the Notice No. 495 dated March 5, 2017 … " .

According to the Ho Chi Minh City Inspectorate, the CPI mentioned that "the Standing Committee of the Party approved the policy …" is incorrect, as document no. 495 only conveys opinions from individuals to the Deputy Secretary of the Thanh Thanh Permanent Party Committee. Cang.

With serious violations, Mr. Tat Thanh Cang has recently been disciplined by the Central Committee of the Party in the form of positions: member of the Central Committee of the party, permanent assistant secretary of the Party Committee, member of the permanent committee. Party committee of the city

Delivery of the member of the central party, permanent secretary of Mr. Tat Thanh Cang

The Central Committee of the Party decided to discipline Mr. Tat Thanh Cang in the form of dismissal of the member of the Party Central Committee 12; dismissal of the permanent assistant secretary of the Municipal Party Committee for the period 2015-2020; Fired member of the Permanent Committee of the City for the period 2015-2020.

Mr. Tat Thanh Cang and twice sold the land without a permanent order

Not only the sale of 32 hectares of public land in the district of Nha Be of Tan Thuan Company in Quoc Cuong Gia Lai, the HCM City inspection also discovered that almost 12 hectares of other lands in District 7 are also they came to the company. this Both projects agreed to sell Mr. Tat Tat Thanh Cang without going through the Ho Chi Minh City Standing Committee.

Huy Thinh


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