Inflated Materials at EVN Binh Thuan Cause Electric Price Surge

According to Major General Tô Ân Xô, the spokesperson of the Ministry of Public Security, various electrical materials and equipment in the EVN Binh Thuan and Tuấn Ân Group case were falsely inflated in price, even up to 300%.


On January 2, at the regular Government press conference, Major General To Anh Xo, the spokesperson of the Ministry of Public Security, said that with the principle of handling a provincial and regional case, the Ministry of Public Security has actively “diagnosed and treated some severe diseases” in the fight against corruption and negative phenomena.

Specifically, the Ministry of Public Security has investigated many major cases such as the Viet A case, the rescue flight case, the FLC case, the SCB case… and is currently shifting to the electricity, petroleum, and construction materials sectors.

Mr. Xo pointed out that the case at EVN Binh Thuan and Tuan An Group Joint Stock Company is a typical example of project owners and contractors colluding to increase prices. In this case, project owners and contractors colluded to raise the prices of materials and electrical equipment. Many materials and electrical equipment have been increased in price by several tens to several hundred percent, with some materials being increased in price by 300%.

This is one of the causes of the increase in electricity prices, causing significant damage to consumers. Raising electricity prices and including them in costs has led to an increase in electricity prices, causing losses to consumers. According to us, this “variant spreading virus” is relatively common in some localities. In the future, the Ministry of Public Security will have a vaccine to treat this virus.

Major General To Anh Xo, spokesperson of the Ministry of Public Security, answering questions at the regular Government press conference on February 1. Photo: VGP

Regarding the case of petroleum and oil occurring at Hai Ha Petro, Xuyen Viet Oil, Major General To Anh Xo said that the investigation process identified that Hai Ha Petro caused damages of 15 billion VND and losses of about 300 billion VND to the State budget.

At Xuyen Viet Oil, the investigating agency has frozen 17 personal accounts with over 4 billion VND and suspended the transfer transactions with 54 real estate properties under individuals’ names and 6 properties under the company’s name.

“The case at Hai Ha Petro, Xuyen Viet Oil is a typical case of violating regulations on petroleum import-export, managing and using stabilization funds”, General Xo commented.

According to the conclusion of the Government Inspectorate earlier, Hai Ha Petro – the petroleum and oil establishment headquartered in Thai Binh – misused the stabilization fund, not transferring the fund to the designated account but leaving it in the company’s payment account. This unit also declared inaccurate information and owed environmental protection taxes in the billions of VND. By the end of November 2023, the balance of the petroleum and oil stabilization fund in this leading company was 612 billion VND.

Xuyen Viet Oil, established in 2005, headquartered in Ho Chi Minh City, also has numerous violations in petroleum and oil exportation, temporary importation, re-exportation, and re-exportation of petroleum and oil. Both establishments had their business licenses revoked by the Ministry of Industry and Trade in August 2023 and January 2024, respectively, and the General Department of Customs stopped customs clearance for petroleum and oil.

According to the Spokesperson of the Ministry of Public Security, despite the approaching Tet holiday, the investigating agencies are determined to accelerate the investigation process, with a fair and resolute attitude, no restricted areas, no exceptions, in order to prevent crimes and thoroughly recover lost and wasted assets for the State and the people.

Tung Phong

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