Thursday, 10/06/2010 10:32

Fraud costs nation $67m, says official

So far this year, the Government Inspectorate has conducted 38 inspections and reached conclusions on eight cases, according to Deputy Chief Government Inspector Mai Quoc Binh.

Speaking at a press conference in Ha Noi yesterday, Binh said the crimes in the eight concluded cases involved the misuse of VND1.266 trillion (US$67.1 million).

The Government Inspectorate proposed the reclamation of VND929 billion ($49.2 million) and the exclusion of another VND1.189 trillion ($63 million) from the approved balance sheets of the companies involved.

The main crimes included the abuse of power in licensing mining projects and in the use of State budget money - as well as misconduct involving land management, he added.

Binh said the Prime Minister had approved the Inspectorate's conclusion on cases related to activities by taxation authorities in 2008, the compliance of law at the Binh Duong Production and Import-Export Company, and the responsibility of the chairman of Phu Tho Province People's Committee in settling complaints and anti-corruption activities.

The Inspectorate had also set up teams to conduct inspections of key infrastructure projects and of the management and use of the Social Insurance Fund.

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