Hanoi, June 25 -- At the first-instance trial for individuals involved in the high-profile corruption case at Phuc Son Group JSC on June 24, Nguyen Van Hau, the firm's chairman, admitted to unlawfully gaining 1.16 trillion VND (44.37 million USD), and confirmed his willingness to use all of his personal assets to fix the consequences. Hau, who is also Chairman of the Thang Long investment, trade and real estate JSC, testified that he founded Phuc Son Group in 2004 and acquired Thang Long company in 2017. Following the acquisition, Hau took direct control of the company's operations. His companies were involved in four projects and four bidding packages in Vinh Phuc, four in Phu Tho, and two in Quang Ngai. He acknowledged that the indictme...
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