The decision was made at the commission’s 40th session last week and announced on October 31.
Bao, former member of the Standing Board of the Party Committee of the Central Business Bloc, former Secretary of the Petrolimex Party Committee, former Chairman of the Petrolimex Board of Directors and former Petrolimex Director General, bears the main responsibility for violations and wrongdoings at the Standing Board of the Petrolimex Party Committee.
The commission concluded that the Standing Board showed a lack of responsibility and slackened its leadership, supervision and inspection, letting the group violate the Party’s regulations and the State’s laws on personnel work, capital and asset management and use, and petroleum business activities.
It was also accused of losing money and property of the State over equitisation, restructuring and State capital divestment and the implementation of some construction projects.
At the 40th session, the commission also proposed disciplinary measures against the Standing Board of the group’s Party Committee for the 2010-15 tenure.
Disciplinary measures were taken against other Petrolimex officials for violations. The commission decided to strip Nguyen Quang Tuan, former member of the group’s Party Committee and former Chairman and Director of Petrolimex Singapore, of all his Party posts.
The commission also issued a warning against Tran Van Thinh, who was the former Vice Secretary of the Party Committee and former General Director of Petrolimex, and reprimanded Tran Minh Hai, Standing Vice Secretary of the group’s Party Committee, and Nguyen Thanh Son, Deputy General Director of Petrolimex.
At the session, the Party Central Committee’s Inspection Commission asked inspection commissions of the northern provinces of Hung Yen and Nam Dinh to investigate land management and use in public investment projects and in purchase of public assets.
Relating to the inspection results of the implementation of disciplinary measures against some officials of the northern province of Hoa Binh and the Central Highlands province of Kon Tum, the commission decided to reconsider the disciplinary measures as they failed to match the levels of their violations.