The Government Inspectorate has just issued a notice concluding the inspection of law compliance in equitization and divestment of State capital at the Construction Development Investment Company - DIC (now Construction Development Investment Joint Stock Corporation - DIC Corp).
The inspection conclusion shows that there are still many limitations, shortcomings and violations in the process of equitization and divestment such as legal basis and procedures for equitization; determining asset value; financial handling; issuing individual shares; procedures for divestment and determining equitization value for state capital divestment.
The Government Inspectorate pointed out that the responsibility for violations of procedures in the process of equitization of enterprises belongs to the Steering Committee for Equitization of Construction Development Investment Company (Steering Committee), the leaders of the Ministry of Construction in the period 2007-2008.
Responsibility for violations in determining asset value when determining the value of equitized enterprises mainly belongs to the consulting unit VIVACO, and at the same time, there is also some responsibility of the Steering Committee and leaders of the Ministry of Construction in the period 2007-2008.
The responsibility for not re-determining the value of land use rights but using the method of assembling investment costs and the value of the development rights of the Dai Phuoc Eco-tourism Urban Area project into the value of the equitized enterprise belongs to the Steering Committee and leaders of the Ministry of Construction in the 2007-2008 period.
Responsibility for violations in accounting for losses of subsidiaries in the process of settling state capital at enterprises belongs to the Steering Committee and leaders of the Ministry of Construction in the period of 2008 and 2016.
Responsibility for directing the private offering price of shares in 2009 belongs to the leadership of the Ministry of Construction in the 2009 period.
Responsibility for shortcomings in procedures and processes in approving the state capital divestment plan at the Construction Development Investment Joint Stock Corporation under the Ministry of Construction, leaders of the Ministry of Construction in the period 2016-2017.
According to the Government Inspectorate, the above limitations, shortcomings and violations also belong to the responsibility of relevant organizations and individuals.
Based on the above inspection results, the Government Inspector General recommends that the Prime Minister direct the Ministry of Construction to organize a review to take disciplinary action according to regulations against the collective leadership of the Ministry of Construction in the 2007-2008 and 2016-2017 periods and related organizations and individuals in allowing the limitations and violations to occur.
The Ministry of Construction must also clarify the direction on the price of private share offerings in 2009; review and clarify the failure to re-determine the land use rights value of 3 land locations during the process of appraising the share price for state capital divestment at the Construction Development Investment Joint Stock Corporation.
"In the process of reviewing, examining, handling and overcoming the above-mentioned limitations and violations, if signs of criminal law violations are detected, the Ministry of Construction will transfer the information to the Investigation Agency for consideration and handling according to its authority" - the Government Inspectorate clearly stated.
