Brian Jeffrey
The Ministry of Public Security revealed that Nguyen Thi Nhu Loan, the CEO of Quoc Cuong Gia Lai Joint Stock Company, has been temporarily detained and charged with violating rules related to managing state assets, resulting in losses and waste under Article 219, Clause 3 of the Penal Code.
These decisions and actions have been sanctioned by the People’s Supreme Procuracy.
This morning, officials from the Ministry of Public Security and the People’s Supreme Procuracy conducted a search at Loan’s residence on Tran Quoc Thao Street, District 3, HCM City, and seized numerous documents pertinent to the ongoing inquiry.
This investigation is part of a larger probe into infractions involving mismanagement of state assets, corruption, and misuse of authority during official duties at entities such as the Vietnam Rubber Industry Group, Dong Nai Rubber Company, Ba Ria Rubber Company, the Ministry of Natural Resources and Environment, and related organizations.
Thus far, the Ministry of Public Security has pressed charges against 16 individuals for various offenses, including Nguyen Thi Hong, former Deputy Head of Steering Committee 9 and ex-Vice Chair of the Ho Chi Minh City People’s Committee.
