Vietnam's prime minister Nguyen Tan Dung has demanded a thorough investigation and strict punishment against those responsible for the billions of debts owned by Vietnam Shipbuilding Industry Group (Vinashin), Seatrade Asia reported.
Troubled state-owned Vinashin is saddled with debts of more than $4bn due to attempts at enlarging its business and corruptions. Nguyen has instructed the relevant agencies to investigate and punish anyone guilty of violations in the Vinashin case.
Allegations of improper loan disbursements at Vinashin have led to the arrests of eight company officials, one of whom is Pham Thanh Binh, former chairman and general director of Vinashin. Hoang Kong Tu, chief investigator at the ministry of public security, said a further unspecified number of suspects will be investigated.
Troubled state-owned Vinashin is saddled with debts of more than $4bn due to attempts at enlarging its business and corruptions. Nguyen has instructed the relevant agencies to investigate and punish anyone guilty of violations in the Vinashin case.
Allegations of improper loan disbursements at Vinashin have led to the arrests of eight company officials, one of whom is Pham Thanh Binh, former chairman and general director of Vinashin. Hoang Kong Tu, chief investigator at the ministry of public security, said a further unspecified number of suspects will be investigated.