The nine are former Vice Chairman of the municipal People’s Committee Nguyen Thanh Tai, former Deputy Director of the municipal Department of Finance Tran Nam Trang, former Director of the HCM City Light Music Centre Vy Nhat Tao, former Director of the municipal Department of Culture, Sports and Tourism Nguyen Thanh Rum, former Deputy Director of the department Le Ton Thanh, former deputy heads of the HCM City People’s Committee Office Huynh Kim Phat and Le Van Thanh, former Director of the municipal Department of Natural Resources and Environment Dao Anh Kiet, and former Deputy Director of the department Nguyen Thanh Nhan.
According to the indictment, the 185 Hai Ba Trung land lot, owned by the State, was the headquarters of the Light Music Centre under the municipal Department of Culture, Sports and Tourism. When the centre downgraded, in 2007, Tao contacted Diep to cooperate in investing in upgrading the headquarters.
Diep then proposed exchanging her land lot at 57 Cao Thang for the 185 Hai Ba Trung land lot, to build a five-star hotel complex.
The property swap was approved by Nguyen Thanh Tai. During the process, Diep used the land use right certificate for 57 Cao Thang to borrow money from Agribank – HCM City branch.
After being granted a land right use certificate at 185 Hai Ba Trung, however, Diep did not lodge this with the bank and withdraw the land use right certificate for 57 Cao Thang from the bank to hand over the land lot to the Light Music Centre, as committed. Instead, Diep continued to use the 185 Hai Ba Trung land lot as collateral for a loan at Southern Bank and cannot repay the debt.
The indictment stated that Tai permitted the property swap while he was not responsible for handling and reorganising State assets.
On March 5, 2010, Tai signed a document sent to relevant units approving the exchange of the two land lots, without any request to check and clarify the legal status of the 57 Cao Thang land lot, causing losses of State assets.
The other defendants failed to take responsibility, facilitating Diep’s fraud and appropriation of assets./.