On June 20, the Inspectorate of the Department of Justice of Quang Nam province announced that it had issued a decision to cancel the decision to administratively sanctionMT Quang Da Joint Stock Company.
Previously, on December 25, 2024, this company was administratively fined 17 million VND for " Providing false information and documents to register to participate in the auction and participate in the auction".
The cancellation of the penalty decision took place in the context that the Investigation Police Agency (IPA) of Quang Nam Provincial Police has transferred to prosecute the case and continued to complete the file to prosecute the accused related to the case of "Violating regulations on property auction activities" occurring at the DB2B sand mine, Dien Tho commune, Dien Ban town.
The case originated from the mineral exploitation rights auction on October 18, 2024, whereMT Quang Da Joint Stock Company won the auction of the DB2B sand mine with a record price of more than 370 billion VND, more than 300 times higher than the starting price.
On January 7, the People's Committee of Dien Ban town signed a decision to cancel the results of this auction.
