HCMC seizes prime public lands sold in corrupt deal

The two land plots at the corner of Chu Manh Trinh and Nguyen Du Streets in HCMC's District 1 that have been seized by authorities from a corrupt deal. Photo by VnExpress/Quynh Tran

Two land plots measuring 6,300 sq.m in downtown HCMC are set to be expropriated from a company that had paid a state-owned corporation well below market price for them.

The city administration pulled the plug on what was found to be a corrupt deal, and impounded the plots on Nguyen Du and Chu Manh Tinh streets in Ben Nghe Ward, District 1 from the Viet Han Saigon Trading – Construction – Service Co. Ltd.

The Government Inspectorate last January said unidentified officials at the fully state-owned Vietnam Southern Food Corporation-JSC (Vinafood 2), one of the country's biggest rice exporters, had sold the lands to Viet Han at a throwaway price in 2015.

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