Corruption and Economic Management Violations Cause Huge Losses

Since November 01, 2006, VND 3,156 billion and US$ 1.24 billion have been lost in cases of corruption and in violations of economic management, revealed a recent Government Inspection report. 

The report revealed that 406 corruption cases were uncovered and prosecuted, in which 826 arrestees have been charged with corruption involvement.

The total losses caused by the corruption are estimated to reach VND 286 billion; judicial agencies have so far recovered only VND 70 billion.

Embezzlement accounts for 56.1 percent of all the cases prosecuted. Among those being prosecuted are Bui Tien Dung, former general director of Project Management Unit 18 (PMU 18), who embezzled VND 3 billion, and a cashier of Vinh Long Post, who misappropriated VND15.3 billion.  Several public officials are also accused of illegally drawing over one billion dong from the public purse from project 112.

According to the government inspections, cases in which criminals have been charged with violating economic management regulations have caused losses of up to VND 2,870 billion, US $1.24 billion, and 880 hectares of land.

Inspection agencies have proposed to recover VND 1,200 billion and 880 hectares of land, take disciplinary measures against 1,464 violators, and transfer the dossiers of 52 cases to investigative agencies.

By Nam Quoc – Translated by Phuong Lan

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