The useless Floating Dock 83M
Two former leaders from a subsidiary of the Vietnam National Shipping Lines (Vinalines), along with two accomplices are being prosecuted for “asset misappropriation” in the Floating Dock 83M case.
The People’s Supreme Procuracy has issued an indictment to prosecute four accused offenders, including Tran Hai Son, former General Director of Vinalines Shipyard Company Limited Company; Tran Van Quang, former head of the company’s accounting department; Tran Ba Hung, former head of Hyundai-Vinashin Shipyard’s Manufacturing Department; and Pham Ba Giap, Director of Nguyen An Limited Company.
According to the indictment, on March 15, 2008, Vinalines signed a contract to buy Floating Dock 83M and had it transported from Nakhodka Port in Russia to Khanh Hoa Province’s Van Phong Port.
Vinalines then signed a contract to have Hyundai-Vinashin Shipyard repaired it at VND197 billion (USD9.32 million) by March 2010. After signing the contract, Vinalines assigned its subsidiary, Vinalines Shipyard Company Limited Company, to supervise the repairs.
Tran Hai Son is accused of colluding with Tran Van Quang, Tran Ba Hung and Pham Ba Giap to sign two more repair contracts worth over VND8.7 billion (USD411,639) with Nguyen An Limited Company.
Tran Hai Son misappropriated VND2.2 billion (USD104,092), Tran Van Quang VND857 million (USD40,548), Tran Ba Hung VND395 million (USD18,689) and Pham Ba Giap VND178 million (USD8,422).
Tran Hai Son admitted that he spent VND300 million (USD14,194) of his misappropriated funding on gifts for Duong Chi Dung, former Vinalines chairman between 2008 and 2010.
Duong Chi Dung also admitted that he received several gifts, worth around VND150 million (USD7,097) in total.
Duong Chi Dung was allegedly the one who ordered the purchase of Floating Dock 83M at the inflated price of USD9 million. The listed price was USD4 million. If the charges are true, this would be considered misappropriation of state funds.
Dung is also being brought up on charges of intentionally violating state regulations on economic management, causing severe consequences (Article 165, the Penal Code), and misappropriating public property (Article 278, the Penal Code).