Perspective of Royal Marina project. Photo: Marina Hotel
Specifically, Agribank announced that it will auction the debt of Marina Hotel Joint Stock Company at the end of October.
Bank reduces price of trillion-dollar debt
The above debt has been for sale since 2023 but has not found a new owner. Therefore, the bank has decided to lower the starting price to VND948 billion, nearly VND200 billion cheaper than after one year.
Previously, in September 2023, Agribank first announced the sale of the debt with a starting price of VND 1,145 billion.
The collateral for the debt of Marina Hotel is all land use rights and auctioned assets attached to the land formed in the future of the project "Royal Marina Center - Area B" in Vinh Hoa urban area, Nha Trang.
The project includes 690 apartments and a 36th-floor garden penthouse, a future construction project (including a basement and 35 floors of commercial business).
Area A of the Royal Marina Center project, with an area of nearly 6,000 square meters , was also seized and liquidated by another bank to recover the 540 billion VND debt of Marina Hotel.
Agribank noted through unofficial sources that there may be potential legal risks associated with the auctioned debt.
In particular, there may be disputes between Ben Du Thuyen Hotel Joint Stock Company and parties related to secured assets with organizations and individuals in promising to buy and sell assets related to the debt (in violation of the law).
Debts such as tax debts, other debts of Ben Du Thuyen Hotel Joint Stock Company, of the property owner and parties related to the property (if any), according to the bank.
What does Ben Du Thuyen Hotel have to do with the one-time tycoon La Quang Binh?
According to information on the business registration data, the company's legal representatives are Mr. Tran Ngoc Thang and Mr. La Quang Binh. Of these, Mr. La Quang Binh used to hold the position of chairman.
However, Mr. La Quang Binh was prosecuted in a bribery case that occurred at a bank branch in Dong Da district, Hanoi.
Among the 16 defendants, one-time tycoon La Quang Binh was proposed to be prosecuted for two crimes: "violating regulations on banking activities and other activities related to banking activities" and "giving bribes".
The conclusion showed that Mr. Binh owned and was related to 64 companies. Afterwards, the subjects colluded with some officials of Dong Da branch and received thousands of billions of VND and used it for many different purposes, leading to insolvency.
Notably, Mr. Binh also discussed with his sister to bribe 200,000 EIN shares of Electricity Investment - Trade - Service Joint Stock Company (equivalent to 2 billion VND) to Dao Hoang Thang (former branch director) to help Thinh Phat Company avoid bad debt transfer and continue to receive loan disbursement.
In an explanatory document recently sent to the Securities Commission, Electricity Investment - Trade - Service Joint Stock Company (EIN) confirmed that Mr. La Quang Binh is no longer the Chairman of the Board of Directors of the enterprise since March last year.
As of June 2023, Mr. Binh will no longer be a member of EIN's board of directors. Therefore, the purchase and sale of EIN shares is not related to the company's operations, EIN said.
Source: https://tuoitre.vn/rao-ban-sieu-cao-oc-o-nha-trang-nhung-e-ngan-hang-ha-gia-gan-200-ti-20241020204201752.htm
Comment (0)