On March 27, the People’s Court of Ho Chi Minh City continued the first-instance trial of a case of illegal mineral exploitation in An Giang province, involving Le Quang Binh, former Chairman and General Director of Trung Hau 68 Investment Joint Stock Company, and his accomplices.
A notable point during the trial was the sentencing recommendation made by the Ho Chi Minh City People’s Procuracy for the defendant Phung My Luong, former Director of My Luong Construction, Trading and Services Co., Ltd. The prosecution suggested a sentence equal to the time already served in detention, implying that if this proposal is accepted, the defendant will not have to spend any additional time in prison.
The defendants in court
Previously, Phung My Luong was arrested on October 7, 2023, and spent 15 months in detention until January 7, 2025, when his preventive measure was changed, and he was released on bail.
According to the prosecution, Phung My Luong paid the highest amount in damage compensation, totaling VND 19.7 billion.
In contrast, the mastermind behind the scheme, the former Chairman of Trung Hau 68 Investment Joint Stock Company, who illegally profited nearly VND 294 billion from this case, has only returned VND 5.71 billion and USD 20,000 so far.
The prosecution acknowledged that Luong’s role in the case was not merely cooperative but also involved direct negotiations with Le Quang Binh. He used the legal entity of My Luong Construction, Trading and Services Co., Ltd. to purchase two locations for dredgers, facilitating illegal sand exploitation in the mining area of Trung Hau 68 Investment Joint Stock Company. Under Luong’s direction, his subordinate, Phung Van Nhan, directly managed and supervised the sand exploitation and sales, generating VND 19.7 billion in revenue.
Previously, the defendant was indicted by the Supreme People’s Procuracy for “Violation of regulations on mineral exploration and exploitation” according to Point b, Clause 2, Article 227 of the Criminal Code.
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