Vietnam Import-Export and Construction Joint Stock Corporation (Vinaconex - stock code VCG) has just announced unusual information stating that it has received a notice from the Investigation Police Agency - Ministry of Public Security regarding the arrest of defendants to temporarily detain two leaders of the enterprise to serve the investigation.
According to the document dated March 7, the individuals include Mr. Nguyen Huu Toi - Member of the Board of Directors, Deputy General Director, former Chairman of the Board of Directors of Vinaconex; and Mr. Duong Van Mau - Member of the Board of Directors, Deputy General Director of Vinaconex.
The investigating agency determined that Mr. Nguyen Huu Toi was being investigated for the act of violating regulations on bidding causing particularly serious consequences, including the content of giving money to the investor to create conditions for winning the bid.
Meanwhile, Mr. Duong Van Mau is being investigated for violating regulations on bidding causing particularly serious consequences.
Mr. Nguyen Huu Toi, born in 1959, was elected to the Board of Directors of Vinaconex in 2019. He has about 40 years of experience in the construction industry, having held many management and operational positions in the Vinaconex system, from member companies to general corporations.
In July 2024, he was appointed Chairman of the Board of Directors of Vinaconex for the 2022–2027 term, replacing Mr. Dao Ngoc Thanh who resigned at personal request.
