On March 4, according to the source of the newspaper Người Lao Động, after the Economic Police Department – Ministry of Public Security issued a document requesting cooperation in providing information and documents related to the projects and projects of Phuc Son Group in Quang Ngai, the Provincial People’s Committee of Quang Ngai sent an urgent letter to the departments and sectors.
Bau Giang urban area with an investment capital of over 3,300 billion VND
Earlier, to serve the investigation, verification of a case with signs of violating the law occurring at Phuc Son Group Joint Stock Company and related units, the Economic Police Department proposed the Quang Ngai Provincial People’s Committee to provide and direct subordinate units to provide all information, documents regarding the process of approving the investment policy, selecting investors, implementing investment, construction, declaration, tax compliance, inspection… of projects, works invested by this company and its members who are investors, contractors.
In addition to Phuc Son Joint Stock Company, there are also 10 related member companies. Among them, there are companies that have invested and built in many fields in the province such as Hoang Thinh Dat Joint Stock Company, Thang Long Bau Giang Joint Stock Company, Thang Long Investment and Commerce and Real Estate Joint Stock Company, Bầu Giang Urban Area One Member Limited Liability Company
Phuc Son Group Joint Stock Company is currently present in Quang Ngai since 2012. Although it is newly invested in the locality, the company won the bid to construct the construction of the Nam Tra Khuc River embankment project (now Truong Sa Street) with an investment capital of nearly 1,000 billion VND.
Nam Tra Khuc River embankment
Phuc Son Group Joint Stock Company is also associated with the Bau Giang urban area project with an area of over 49ha, located in Tư Nghĩa District and Quang Ngai City. The project has an investment capital of over 3,300 billion VND. Quang Ngai Provincial People’s Committee has issued an approval decision for the investor for this relatively large-scale project.
Meanwhile, Hoang Thinh Dat Joint Stock Company is actively implementing other projects in Quang Ngai, but many projects are progressing slowly, such as the Dung Quat Industrial Zone project with a total investment capital of 2,000 billion VND, an area of over 1,300 ha. This is a key project, which was expected to create a breakthrough for urban and industrial areas in the northern part of the Dung Quat Economic Zone, but for nearly 8 years, it has been an empty land.
Earlier, as reported by Người Lao Động, on February 26, the Criminal Investigation Agency of the Ministry of Public Security initiated a case of Violating Regulations on Accounting Causing Serious Consequences at Phuc Son Group Joint Stock Company, Thang Long Investment and Commerce and Real Estate Joint Stock Company and related units.
Of the 6 persons accused, Mr. Nguyen Van Hau (also known as Hau “Phao”), Chairman of the Board of Directors of Phuc Son Group Joint Stock Company, was among them.
This group is accused of falsifying, concealing, and keeping out-of-the-book accounting records of revenue, assets… causing extremely serious damage to the State.
