Displaying items by tag: Ha Giang Cement
Ha Giang Cement chairman prosecuted for fraud
03 April 2013Vietnam: The chairman of Ha Giang Cement JS Company has been prosecuted in a fraud case for an amount in excess of US$344,000.
Viet Nam News reports that police investigations dating back to September 2012 show that Vu Duy Chanh signed contracts to buy two mills without the approval of Ha Giang Cement's management board approval. Chanh then used the contracts as security for bank loans. One of the contracts was reportedly falsified to buy a fictitious machine while Chanh illegally used and sold the secondary machine at a diminished price.
Published in
Global Cement News