On September 3, the Ho Chi Minh City People’s Procuracy announced the completion of the indictment and prosecution of Pham Van Tam, former Chairman of Asanzo Corporation, for two charges: “Smuggling” and “Tax Evasion.”
In relation to this case, Tam’s younger brother, Pham Xuan Tinh, the former Director of Asanzo Company, was also indicted on charges of tax evasion.
Asanzo was established in 2016 and came under scrutiny in 2019 when the Ho Chi Minh City Tax Department conducted an inspection.
Pham Van Tam, former Chairman of Asanzo Corporation
The investigation revealed that Asanzo purchased components from Tran Thoan Company and signed a contract with VTB Company for partial assembly.
Asanzo then assembled air conditioners and sold them to Dien Lanh Asanzo without issuing invoices or declaring taxes. The tax audit concluded that the total amount of evaded taxes exceeded VND 15.7 billion.
The investigation also determined that Tam owned Sa Huynh Company, established in 2018, which was used to import glass oven parts for Asanzo.
On September 5, 2018, Sa Huynh Company opened an import declaration for goods, including plastic covers and glass ovens of Chinese origin.
However, the customs inspection identified the shipment as 1,300 sets of brand new Asanzo-labeled glass ovens, disassembled and without indicated origin, which are conditional imports.
Following the exposure of the smuggling case at Sa Huynh Company, Tam instructed his subordinates to evade authorities and provided them with monthly allowances of VND 30 million each.
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