With this latest payment, added to previously seized funds in Hau’s bank accounts (over VND247 billion) and amounts submitted earlier in the pre-trial phase (over VND84 billion), the total compensation has reached VND1.164 trillion, effectively covering the entire financial damage caused in the case.

Hau was accused by the Supreme People’s Procuracy of committing bribery by taking advantage of personal and professional relationships to give over VND132 billion to officials at the Provincial Party Committees, People’s Committees, and various departments in former Vinh Phuc and Quang Ngai provinces (now Phu Tho and Kon Tum provinces, respectively).

Through bribery and personal lobbying, Phuc Son Group won multiple tenders in Vinh Phuc, Phu Tho, and Quang Ngai. After winning the contracts, Hau illegally directed the transfer of those projects to other entities, causing losses of more than VND459 billion to the State, a violation classified as violating bidding regulations causing serious consequences.

Hau also instructed his subordinates to operate two separate accounting systems, resulting in VND504 billion in tax losses to the State. This conduct was charged as violating accounting regulations causing serious consequences.

For the three criminal acts, the prosecution has recommended a combined sentence of 30 years in prison for Hau. According to the case file, Hau caused a total loss of VND963 billion through bidding and accounting violations, along with an additional VND204 billion due to illegal land price adjustments, bringing the overall damage to VND1.164 trillion.

The Hanoi People’s Court is scheduled to deliver its verdict on July 4 for Hau and the 40 other defendants involved in the Phuc Son Group case.

Phuc Son Group chairman admits to illegally gaining VND1.16 trillion

At the first-instance trial for individuals involved in the high-profile corruption case at Phuc Son Group JSC on June 24, Nguyen Van Hau, the firm’s chairman, admitted to unlawfully gaining VND1.16 trillion (US$44.37 million), and confirmed his willingness to use all of his personal assets to fix the consequences.