The former official was probed for his decision on leasing a 5,000-square meter land lot in HCM City’s downtown District 1 without bidding.
Nguyen Thanh Tai, former vice chairman of the Ho Chi Minh City People’s Committee, was arrested on December 8 for “breaking regulations on managing and using state assets, causing losses.”
Tai, 66, who served as the city’s vice chairman between 2010 and 2015 was probed for his decision on leasing a 5,000-square meter land lot in HCM City’s downtown District 1 without bidding, causing a loss of billions of dong to the state budget.
According to the Government Inspectorate, the land lot is marketed at VND400 million (US$17,391) per square meter (sq.m) while it was priced at VND177 million (US$7,695)/sq.m by the city’s Department of Finance.
Under Article 219 in the Criminal Code, anyone who is charged with the above crime may face an imprisonment up to 20 years.
On the same day, the Ministry of Public Security probed three others for the same charge. The trio includes Dao Anh Kiet, former director of HCM City’s Department of Natural Resources and Environment, Truong Van Ut, from the department, and Nguyen Hoai Nam, chief of District 2’s Party Committee.
Kiet and Ut were detained in a case relating to former vice chairman of the HCM City People’s Committee Nguyen Huu Tin.
So far, a former deputy chief of HCM City’s Party Committee and two former vice chairmen of the municipal People’s Committee were arrested for “legal infractions” relating to land issues.
In Ho Chi Minh City, the biggest economic metropolis, the land price in some areas is equal to that in Tokyo, Paris, Hong Kong, up to more than VND1 billion (US$43,478)/sq.m.
Nguyen Van Dinh, deputy head of Vietnam Association of Realtors (VARS), attributed the high prices to less land availability, increasing demand, high taxes on land, and a lot of fees caused by cumbersome procedures.
Former HCM City's vice chairman Nguyen Thanh Tai. Photo: MPS
|
According to the Government Inspectorate, the land lot is marketed at VND400 million (US$17,391) per square meter (sq.m) while it was priced at VND177 million (US$7,695)/sq.m by the city’s Department of Finance.
Under Article 219 in the Criminal Code, anyone who is charged with the above crime may face an imprisonment up to 20 years.
On the same day, the Ministry of Public Security probed three others for the same charge. The trio includes Dao Anh Kiet, former director of HCM City’s Department of Natural Resources and Environment, Truong Van Ut, from the department, and Nguyen Hoai Nam, chief of District 2’s Party Committee.
Kiet and Ut were detained in a case relating to former vice chairman of the HCM City People’s Committee Nguyen Huu Tin.
So far, a former deputy chief of HCM City’s Party Committee and two former vice chairmen of the municipal People’s Committee were arrested for “legal infractions” relating to land issues.
In Ho Chi Minh City, the biggest economic metropolis, the land price in some areas is equal to that in Tokyo, Paris, Hong Kong, up to more than VND1 billion (US$43,478)/sq.m.
Nguyen Van Dinh, deputy head of Vietnam Association of Realtors (VARS), attributed the high prices to less land availability, increasing demand, high taxes on land, and a lot of fees caused by cumbersome procedures.
Other News
- Tran Thanh Man assigned to drive National Assembly activities
- Vietnam news in brief - May 2
- Russia airs documentary on aerospace cooperation with Vietnam
- Similarities between Japanese and Vietnamese cuisine
- Artifacts from Dien Bien Phu victory on display at Ho Chi Minh Museum
- Hanoi streets colored ahead of Reunification Day
- New Year of Asian countries celebrated in Hanoi
- Party Central Committee accepts National Assembly Chairman's resignation
- Vietnam, Indonesia eye lifting relations
- Vietnam news in brief - April 25
Trending
-
Tran Thanh Man assigned to drive National Assembly activities
-
Vietnam news in brief - May 2
-
Four- and five-star hotels to boom in Hanoi as tourism rebounds
-
Trivial jobs: Hanoians strive to keep their old trades alive
-
Hanoi strives to ensure smooth high school exams
-
Carnaval Ha Long 2024 woos tourists with fireworks and drone light shows
-
Affordable, quality tours offered at Hanoi Tourism Festival 2024
-
Introduction of community tourism area in Hanoi herb kingdom
-
Capital Law revision helps Hanoi promote role as nation’s socio-economic hub