On September 10th, the Investigative Police Agency of Can Tho City Public Security initiated legal proceedings and made an arrest of Mr. Tran Van Phuc, CEO of the Joint Stock Company for Construction and Infrastructure of Can Tho Industrial Park, on charges of “abuse of position and power to appropriate assets.”
Joint Stock Company for Construction and Infrastructure of Can Tho Industrial Park
Prior to this, Can Tho City Police received a denunciation from a citizen regarding Mr. Phuc’s alleged violation of accounting regulations with serious consequences, along with “abuse of position and power to appropriate assets.” This involved the misappropriation and misuse of state funds, totaling over VND 1 billion.
Following verification, the Investigative Police Agency of Can Tho City Public Security decided to initiate legal proceedings against Mr. Tran Van Phuc and two related individuals for the aforementioned offenses.
The case is currently under further investigation by the public security authorities.
The Can Tho Industrial Park Infrastructure Development Joint Stock Company (CIPCO) is the first company in Can Tho to engage in the business of developing industrial park infrastructure and leasing land to domestic and foreign enterprises. CIPCO is the investor in the Tra Noc I Industrial Park project (Binh Thuy district, Can Tho city) and the Tra Noc II Industrial Park project (O Mon district, Can Tho city).
