Deputy Minister of Trade and Industry receives warning
The Party Central Committee’s Inspection Commission has issued a warning against Deputy Minister of Trade and Industry Ho Thi Kim Thoa for “serious violations” when she led the Dien Quang Lamp Company.
Deputy Minister of Trade and Industry Ho Thi Kim Thoa (Photo: VNA)
Hanoi (VNS/VNA) - The Party Central Committee’s Inspection Commission hasissued a warning against Deputy Minister of Trade and Industry Ho Thi Kim Thoafor “serious violations” when she led the Dien Quang Lamp Company.
Thecommission also proposed Thoa be stripped of all current positions.
Thedecision was announced on July 31 in the commission’s announcement of theresults of its 16th meeting which took place from July 25-27.
Thoa’sviolations had earlier been pointed out during a commission meeting late inJune.
Thecommission said that while holding the position as Secretary of the PartyCommittee and Director of former State-owned Dien Quang Lamp Company, and thenSecretary of the Party Committee, Chairwoman of the Board of Directors andGeneral Director of the Dien Quang Lamp Joint Stock Company, from January 2004to May 2010, Thoa violated regulations and procedures on business equitisation,and wrongly handled loan interest exempted by banks worth 6.7 billion VND (298,000USD).
Shealso violated State regulations on land management when the company signed acontract with another company to invest in land at No 12, Ton Dan Street, inHCM City. She also failed to properly handle revenue of 30 billion VND (1.3million USD) from transferring the rights to exploit the land.
Inthe third violation, Thoa bought more shares than the permissible level andher transfer of shares violated the company’s regulations.
Besidesthe decision on Thoa, the commission also proposed discipline against th꧂eSteering Committee for Southwest Region, its former and current leaders; andthe Party Committee’s Standing Board of the Vietnam National Chemical Group,its current and former leaders for violations in personnel and financialmanagements which resulted in losses of State money and properties.-VNA
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Deputy Minister of Trade and Industry Ho Thi Kim Thoa (Photo: VNA) 
