Ms. Nguyen Thi Nhu Loan showed signs of collusion causing hundreds of billions of dong in losses to the State related to the transfer of the 39-39B Ben Van Don project - Photo: HIEU GIANG
There are signs of collusion in buying and selling public land.
A new development related to the case at the Vietnam Rubber Industry Group is that the Police Agency determined that Ms. Nguyen Thi Nhu Loan (General Director of Quoc Cuong Gia Lai Joint Stock Company) had signs of collusion with Le Y Linh (Chairman of the Board of Directors of Retro Harvest Finance Company Limited), Dang Phuoc Dua (former Chairman of the Board of Directors of Viet Tin Investment and Trade Joint Stock Company) and a number of people from the Vietnam Rubber Industry Group, Dong Nai Rubber Company, Ba Ria Rubber Company to sign documents of agreements, investment cooperation, and capital transfer to acquire 100% of the capital contribution in the land from the Vietnam Rubber Group.
According to the police, the transfer process without auction, contrary to the provisions of the law to sell the project to Thinh Vuong Real Estate JSC, caused hundreds of billions of dong in damage to the State.
Currently, the Ministry of Public Security's Investigation Police Agency is consolidating documents and evidence for the violations of the prosecuted defendants, while continuing to expand the investigation of the case and applying measures according to law to thoroughly recover assets for the State.
According to Tuoi Tre Online 's investigation, the process of "converting" public land into private land with the land plot 39-39B Ben Van Don (District 4, Ho Chi Minh City) has been going on for many years.
However, Quoc Cuong Gia Lai's participation in this deal was only clearly shown in the books in 2014 and the purchase and sale of this multi-billion project only took place in a few months.
The records of Quoc Cuong Gia Lai's resolutions show that on August 4, 2014, the Board of Directors of Quoc Cuong Gia Lai issued a resolution on accepting the transfer and appointing a representative for the capital contribution at Phu Viet Tin Company Limited.
Just one month later, Quoc Cuong Gia Lai had a resolution to transfer this capital contribution to Ms. Lai Thi Hoang Yen on September 3.
Notably, Ms. Lai Thi Hoang Yen is the daughter of Mr. Lai The Ha (member of the Board of Directors of Quoc Cuong Gia Lai) and Ms. Yen also has shares in this enterprise.
7 days later, Quoc Cuong Gia Lai has a resolution to accept the transfer from Dong Nai Rubber Corporation One Member Co., Ltd. and Ba Ria Rubber One Member Co., Ltd. at Phu Viet Tin Company Limited.
On November 14, 2014, this enterprise had a resolution to transfer its capital contribution at Phu Viet Tin Company Limited to Thinh Vuong Real Estate Joint Stock Company and City Villa Joint Stock Company, meaning that Quoc Cuong Gia Lai quickly "transferred and closed the deal" on the public land plot after only 2 months of buying and selling as shown on the documents.
"Profit taking" of 382 billion VND in the books
Regarding this transaction, the sales contract dated September 5, 2014 shows that Quoc Cuong Gia Lai transferred all of its investment in Phu Viet Tin Company Limited (the enterprise assigned the land at 39-39B Ben Van Don for the project) to Thinh Vuong Real Estate Joint Stock Company (with Mr. Bui Dat Chuong as legal representative) for VND830 billion, with a profit of nearly VND382 billion.
Thus, Quoc Cuong Gia Lai of Ms. Nguyen Thi Nhu Loan bought this public land and immediately sold it to another enterprise.
After that, the new legal entity, Nova Phuc Nguyen Real Estate Investment and Development Company Limited (a member of the Novaland ecosystem), became the investor of the land plot 39-39B Ben Van Don.
After owning this land, the investor requested to change the land use planning index, paid additional land use fees and then built the project.
On this land, The Tresor apartment project developed by Novaland has sprung up. Up to now, there have been no pink books for residents because the authorities are investigating the land transfer process.
Source: https://tuoitre.vn/thuong-vu-chot-loi-chong-vanh-cua-quoc-cuong-gia-lai-o-khu-dat-39-ben-van-don-20240805224151078.htm
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