Phuc Son Group on July 3 made an additional payment of 768 billion VND (approximately 29.3 million USD) to remedy damages in the criminal case involving its Chairman Nguyen Van Hau.
Chairman and CEO of Phuc Son Group JSC Nguyen Van Hau faces 17–18 years in prison for giving bribes; 15–16 years for violations of bidding regulations, causing serious consequences; and 11–12 years for violations of accounting regulations, causing serious consequences. The combined sentence recommended for him totals 30 years.
He acknowledged that the indictment from the Supreme People's Procuracy, which charged him with three offences - violating accounting regulations, causing serious consequences; violating bidding regulations, causing serious consequences; and giving bribes – is accurate, fair, and correct.
Through personal relationships or professional dealings, Chairman of Phuc Son Group Nguyen Van Hau gave a total of over 130 billion VND to local leaders in Vinh Phuc and Quang Ngai provinces. These officials used their positions to execute tasks as requested by Hau, enabling him and Phuc Son Group, as well as Thang Long company, to carry out projects, participate in tenders, and win contracts.