Police issue wanted notice to former boss of oil company

SGGP
The Investigation Police Agency (C46) under the Ministry of Public Security yesterday issued a wanted notice to Vu Dinh Duy, former director general of Petrovietnam Petrochemical and Textile Fiber Joint Stock Company (PVTEX).

Dinh Vu  polyester fiber plant  in Hai Phong city

Dinh Vu polyester fiber plant in Hai Phong city

Vu Dinh Duy is wanted for deliberately breaking state regulations on economic management causing serious consequences according to Item 165 of the Penal Code.
He was born on September 26, 1975 in the northern province of Thai Nguyen. Permanent residence is registered in Thanh Xuan Bac ward, Thanh Xuan district, Hanoi.
Previously, C46 made Decision No. 32 to launch criminal investigation over PVTEX, Kinh Bac Petroleum Construction and Investment JSC (PVC.KBC) and relevant sides for deliberately breaking state regulations on economic management causing serious consequences.
Besides, the agency has prosecuted, held in custody and searched houses of five offenders comprising Tran Trung Chi Hieu, former chairman of PVTEX board of directors; Vu Dinh Duy, former director general of PVTEX; Vu Phuong Nam, accountant chief of PVTEX; Dao Ngo Hoang, former head of PVTEX Contract and Trade Department; and Do Van Hong, chairman and director general of PVC.KBC.
Vu Dinh Duy was formerly director general of PVTEX and then degraded to deputy director general after the company experienced a loss of thousands of billions of dong.
Subsequently, he was appointed to deputy director of Hai Phong city’s Department of Industry and Trade, then deputy head of the Industrial Safety Techniques and Environment Agency under the Ministry of Industry and Trade.
At the end of April 2016, ministry leaders mobilized him to work at Vietnam National Chemical Group (Vinachem). After information about thousands of billions of dong loss at Dinh Vu polyester fiber plant occurred in October of the same year, Duy started abnormal regular absence at Vinachem.
Afterwards he sent two sick leave applications to Vinachem leaders with the reason of treating diseases abroad. After many times of unsuccessful contacts with him, Vinachem sent an official report to the ministry.
On December 1 last year, he was dismissed by the civil affairs committee under the ministry. It is unclear that where he is now.
Police issue wanted notice to former boss of oil company ảnh 1 Vu Dinh Duy 
 Dinh Vu polyester fiber plant built in Hai Phong city is one of 12 thousands of billions of dongs loss-making projects.
Vietnam Oil and Gas Group (PetrolVietnam) invested in the plant with the total amount of US$325 million (VND7 trillion). After operating for a year, the plant started being lossmaking and stopped operation. It is now in the verge of bankruptcy.
Conclusions by the Government inspectorate show that the plant had a slew of violations with the total loss of VND1.4 trillion (US$62 million).

By NGUYEN QUOC – Translated by Hai Mien

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