Dong Nai People’s Court began trying a fraud case of more than VND40 billion (US$2.5 million) in the southern province yesterday.
Dong Nai People’s Court began trying a fraud case of more than VND40 billion (US$2.5 million) in the southern province yesterday.
Under police investigation, Nguyen Lam Thai, 46, in Hoan Kiem District in Ha Noi and his accomplices is alleged to have sold low-quality postal equipment at inflated prices to 38 post offices, causing the Treasury a loss of around $2.5 million.
Police discovered that Thai’s companies had doctored quotations and invoices and plotted with post office officials to inflate prices by five to 15 times pocketing the differences between 1999 and 2005.
Thai and 45 others are now in court to hear their sentences.
Thai was arrested and prosecuted for swindling state assets, tax evasion and forging documents, while former directors and staff of Thai’s satellite companies were prosecuted for similar crimes.
The court also prosecuted the former director and staff from the Price Appraisal Centre under the Ministry of Finance, along with tax staff, for irresponsibility.
Other directors, deputy directors and senior staff at the country’s post offices relating to the case were also prosecuted for deliberately violating regulations.
The court process is expected to last one month.
(Source: VNS)
