Thien Minh Duc Group Chairwoman accused of embezzling 79 billion VND

The Supreme People's Procuracy has issued an indictment against Chu Thi Thanh, Chairwoman of Thien Minh Duc Group, for embezzlement and the illegal trading of invoices and documents. Prosecutors allege that Thanh embezzled 79 billion VND from the Petroleum Price Stabilization Fund and gained over 20 billion VND through the illegal sale of invoices.

In addition to Thanh, several high-ranking officials from Thien Minh Duc Group, including deputy general directors and the chief accountant, have been prosecuted. Two other individuals, an accountant from PVoil Vung Ang and another from Thien Minh Duc, face embezzlement charges. Approximately 20 other defendants are also being prosecuted for one of the three specified crimes.

The investigation revealed that starting in early 2020, amid COVID-19 related business difficulties, Thanh directed subordinates to sell petroleum without VAT invoices at lower prices to attract customers. The case file has been transferred to the Hanoi People's Court for upcoming trial proceedings.