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Two bosses of a petroleum wholesale company were arrested.

According to VnExpress September 9, 2023 16:34

Ms. Mai Thi Hong Hanh, Director of Xuyen Viet Oil Trading, Transport and Tourism Company and her deputy Nguyen Thi Nhu Phuong were arrested on charges of causing property loss.

On September 8, Ms. Hanh, 44 years old, and Phuong, 31 years old, were prosecuted and detained by the Ministry of Public Security's Security Investigation Agency on suspicion of committing a crime.Violating regulations on management and use of State assets causing loss and waste,according to Clause 3, Article 219 of the Penal Code. The specific violations of the two defendants have not been announced.

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Mai Thi Hong Hanh (left) and Nguyen Thi Nhu Phuong

Xuyen Viet Oil is one of 37 key petroleum trading units (including aviation petroleum trading enterprises), established in 2005, headquartered in Ho Chi Minh City. The market share of this enterprise is mainly in some provinces in the Central Highlands region.

On August 11, Xuyen Viet Oil had its gasoline import and export license revoked by the Minister of Industry and Trade, issued on November 19, 2021 and valid until November 2026.

Previously, according to the 2022 inspection conclusion, Xuyen Viet Oil had many violations in the petroleum business, including not meeting the conditions on the petroleum distribution system, which is to have at least 40 general agents or retail agents, or retail franchisees.

Xuyen Viet Oil's purchase of petroleum from its subsidiary (Viet Oil Group Lado Joint Stock Company) was determined by the inspector to be in violation of Decree 83/2014 on petroleum trading. In addition, the enterprise did not export, temporarily import, re-export, or transit petroleum; and did not inspect or supervise the quality and operations of general agents and agents in the system.

According to VnExpress