Deputy minister resigns after
accusation of corruption
Deputy Minister of Industry and Trade Ho Thi Kim Thoa officially
submitted her resignation letter on August 1 after she became marred in
Deputy Minister of Industry and Trade Ho Thi Kim Thoa
Thoa still worked
on July 30 and 31 at the Ministry of Industry and Trade but took a day off on
August 1 and submitted the letter that night. As Thoa was the party secretary
and director of Dien Quang Lamp Company, the resignation will be decided by
the Secretariat of the Central Committee.
Another deputy minister has taken over her work. The Ministry of Industry and
Trade is waiting for directives from the Central Inspection Commission to
deal with violations.
On July 31, the Central Inspection Commission also proposed sacking Thoa from
her current positions after its 16th meeting session in Hanoi to discuss a
number of violating officials.
During the previous session, the Central Inspection Commission announced that
Thoa had broken the law. She approved the appointment of former PetroVietnam
Construction JSC chairman and former provincial leader Trinh Xuan Thanh, who
was wanted for corruption and turned himself in on July 31, according to the
Thoa violated regulations on business equitisation and procedures and wrongly
handled VND6.7 billion (USD298,000) exemption of bank loan interest while she
was the party secretary and director of Dien Quang Lamp Company, from January
2004 to May 2010.
She also violated regulations on land management in a joint investment
between Dien Quang Company with Vietnam Investment Construction Trade JSC in
HCM City as the land owner and relevant authorities hadn't approved. Thoa
bought shares exceeding the allowed levels and violated Dien Quang Company’s
regulations on share transfer.
She is accused of omitting and lying in the assets declaration.
It is estimated that Thoa has lost USD18m as Dien Quang Company shares
plummeted. Thoa is holding 5% of Dien Quang Company shares and her family
holds nearly 35% of the charter capital.
Thoa's brother is the company's chairman cum general director. Two of her
daughters work at the company. One is a member of director boards and deputy
director and another daughter is the project director.