Le Dinh Mau (Source: VNA)

 

Hanoi (VNA) – The Ministry of Public Security’s Investigation Agency on
September 26 detained and launched legal proceedings against chief accountant
of the Vietnam National Oil and Gas Group (PetroVietnam) Le Dinh Mau for
intentionally violating State regulations on economic management causing severe
consequences. 



Mau is also head of the PetroVietnam Accounting and Audit Department.



The agency also took legal proceedings against former head of the
PetroVietnam’s management board for electricity and oil and gas project Thai
Binh 2 Vu Hong Chuong; chief accountant of the management board for electricity
and oil and gas project Thai Binh 2 Tran Van Nguyen; and former Vice Chairman
of the Board of Directors of the PetroVietnam Construction Corporation (PVC) Nguyen
Ngoc.



They were
found guilty of violating financial regulations in the Thai Binh 2 thermal
power plant project.



The
investigation found that though a bidding contract on engineering, procurement
and construction (EPC) for the project was yet to be signed, PetroVietnam
transferred 8.2 million USD and more than 1.317 trillion VND (57.26 million
USD) to the management board for the power project, which later advanced 6.6
million USD and 1.312 trillion VND to PVC, causing a loss of more than 51.7
billion VND and over 66,000 USD in interest until the EPC contract took effect
on October 11, 2011.-VNA