After a company won the auction for a sand mine worth 370 billion VND, the government of Dien Ban town, Quang Nam has just decided to cancel the auction results.
Sand mine area in Dien Tho, Dien Ban town where the enterprise won the auction for 370 billion VND - Photo: BD
On January 7, Mr. Nguyen Minh Hieu, acting chairman of Dien Ban town People's Committee, signed a decision to cancel the results of the auction of mineral exploitation rights for the DB2B mine in Dien Tho commune, Dien Ban town.
The reason for canceling the auction results is to implement remedial measures in Decision No. 18 dated December 25, 2024 of the Inspectorate of the Department of Justice of Quang Nam on administrative sanctions against MT Quang Da Joint Stock Company (address: Cam Le district, Da Nang city, the unit that won the auction of this sand mine), for committing an administrative violation of providing false information and documents to register for the auction and participate in the auction.
Dien Ban Town People's Committee requested the Department of Natural Resources and Environment to coordinate with Hoa Thuan Joint Stock Auction Company to handle the deposit (pre-payment) of MT Quang Da Joint Stock Company paid when participating in the auction of the DB2B mine.
Urgently advise the Town People's Committee to submit an adjustment to the mineral exploitation rights auction plan for this mine to continue the re-auction.
Previously, on December 25, 2024, the Chief Inspector of the Department of Justice of Quang Nam issued a decision to fine MT Quang Da Joint Stock Company 17 million VND for the administrative violation of providing false information and documents to register for the auction and participate in the auction.
Specifically, the company submitted a request to participate in the auction of mineral exploitation rights for the DB2B sand mine at Hoa Thuan Joint Stock Auction Company in September 2024. In the request to participate in the auction, the company's 2023 financial report shows that the owner's equity has increased by VND 199 billion.
However, through the investigation and verification results of the Economic Police Department of Quang Nam Provincial Police, it was determined that this increase in equity capital was incorrect.
The 2023 financial report shows the contribution of equity capital in cash - in account 111, the company actually has no cash as shown in the financial report.
Thus, Quang Da Company violated the prohibition for auction participants as prescribed in Point a, Clause 5, Article 9 of the Law on Property Auction 2016, committing an administrative violation by providing false information and documents to register for auction participation and participate in the auction.
The penalty decision stated that the People's Committee of Dien Ban town based on the decision to carry out the procedure to cancel the auction results, all costs of organizing the implementation of remedial measures will be paid by the above company.
Comment (0)