Prosecution of the case of causing especially large mineral loss at Hung Thinh Company

On November 7, information from the Ministry of Public Security said that the Ministry of Public Security's Investigation Police Agency (Department of Investigation Police for Crimes of Corruption, Economic Crimes, and Smuggling) has clarified the violations of Hung Thinh Mineral Investment Corporation (Hung Thinh Company) in exploiting titanium ore many times in excess of the reserves and capacity according to the mineral exploitation license granted by the Ministry of Natural Resources and Environment; exploiting and selling raw titanium ore without processing, causing especially large losses and waste of mineral resources and tax money for the State budget.

Based on the results of the investigation, collection of documents and evidence, on November 3, the Ministry of Public Security's Investigation Police Agency initiated a criminal case of violating accounting regulations causing serious consequences; violating regulations on research, exploration and exploitation of natural resources occurring at Hung Thinh Company and related units; at the same time, prosecuted and applied preventive measures against 9 defendants.

In particular, the Ministry of Public Security's Investigation Police Agency prosecuted Phan Thanh Muon, Chairman of the Board of Directors of Hung Thinh Company, for two crimes of violating regulations on resource exploitation and violating regulations on accounting causing serious consequences (stipulated in Clause 2, Article 227 and Clause 3, Article 221, Penal Code).

The Ministry of Public Security's Investigation Police Agency prosecuted 6 defendants for violating accounting regulations causing serious consequences (stipulated in Clause 3, Article 221, Penal Code) against: Vu Duc Phuong Linh, Deputy General Director of Hung Thinh Titanium Joint Stock Company; Ngo Quang Anh, Director of Than Gia Company; Hoang Thuong Ha (Chinese nationality); Nguyen Anh Tuan, Chief Accountant of Hung Thinh Zirconium and Titanium Production Joint Stock Company; Nguyen Thi Hang, Treasurer of Hung Thinh Company; Hau Tu Doanh, sales staff of Hung Thinh Titanium Joint Stock Company.

The Ministry of Public Security's Investigation Police Agency prosecuted two suspects for violating regulations on resource exploitation (stipulated in Clause 2, Article 227, Penal Code) against: Pham Van Duong, Executive Director of the mine of Zirconium and Titanium Production Joint Stock Company Hung Thinh; Nguyen Van Chien, General Director of Titanium Joint Stock Company Hung Thinh.

According to the Ministry of Public Security, this is the result of implementing Resolution No. 74/2022/QH15 dated November 15, 2022 of the 15th National Assembly on promoting the implementation of policies, laws, practicing thrift, fighting waste and the direction of General Secretary To Lam on preventing and fighting waste associated with preventing and fighting corruption and negativity.

After the Supreme People's Procuracy approved, the Ministry of Public Security's Investigation Police Agency coordinated with the Supreme People's Procuracy to serve the above-mentioned procedural documents in accordance with the provisions of law.

Currently, the Ministry of Public Security's Investigation Police Agency is focusing its forces on consolidating documents and evidence of the defendants' criminal acts, expanding the investigation into related subjects to strictly handle them according to the provisions of the law; thoroughly recovering assets for the State.