HCM CITY: A Vietnamese real estate magnate is set to go on trial in HCM City later this month, accused of unlawfully profiting nearly VNĐ970 billion (US$38 million) from the transfer of prime state-owned land, in one of the latest high-profile cases in the country’s sweeping anti-corruption drive.
Dinh Truong Chinh, 51, former chairman of state-linked developer Housing Development and Trading Company (HDTC) and founder of Viet Han Group, allegedly colluded with executives at Southern Food Corporation (Vinafood II), a state-owned firm, to acquire a 6,300-square-metre site in central HCM City in 2015 without a public auction.
