Phuc Son Group on July 3 made an additional payment of 768 billion VND (approximately 29.3 million USD) to remedy damages in the criminal case involving its Chairman Nguyen Van Hau.

Prosecutors on June 27 proposed a 30-year prison term for Chairman and CEO of Phuc Son Group JSC Nguyen Van Hau at the high-profile trial of 41 defendants involved in the corruption case related to the firm.

Nguyen Van Hau, Chairman of Phuc Son Group JSC, fully admitted all of the charges delivered by the procuracy agency, and asked for leniency at the June 26 hearing.

The People’s Court of Hanoi on June 24 opened the first-instance trial of Hoang Thi Thuy Lan, former Secretary of the Party Committee of Vinh Phuc, along with 40 other defendants involved in the high-profile corruption case at Phuc Son Group.

Vietnam court opens trial of Nguyen Van Hau and top officials accused of taking over USD 4 million in bribes.

The cumulative misconduct by Nguyen Van Hau, Chairman and General Director of the Phuc Son Group JSC and his accomplices has led to extensive financial damage to the State, totalling over 1.16 trillion VND.

With over $5.5 million in bribes, Hau “Phao” dominated public projects, causing massive state losses and legal fallout.

Nguyen Van Hau’s sister described how she packed and delivered cash to her brother, who then handed it to former Party Secretary Hoang Thi Thuy Lan.

Phuc Son Group Chairman Nguyen Van Hau is accused of fraudulent bidding and contract resale, illicitly profiting over $11.3 million from public funds.

Authorities have confiscated a massive collection of assets linked to the corruption scandal involving Nguyen Van Hau, also known as Hau ‘Phao’, chairman of Phuc Son Group.

Investigators reveal how real estate tycoon Nguyen Van Hau cultivated relationships with high-ranking officials to influence major development projects.

Phuc Son Group chairman Nguyen Van Hau allegedly funneled over $3 million to a former district official in Vinh Long to influence leadership decisions and secure business advantages.

Hau "Phao" sold 1,317 land lots, concealing 2,072 billion VND off the books, leading to over 504 billion VND in tax losses for the Vietnamese government.

The Phuc Son Group scandal unfolds as 41 high-ranking individuals are accused of bribery, bid-rigging, and financial mismanagement in Vietnam.

In a shocking revelation, businessman Hau "Phao" is accused of paying over 132 billion VND ($5.3 million) in bribes, including a $1 million cash handoff to former Party Secretary Hoang Thuy Lan.

A Ministry of Public Security investigation has uncovered a bribery network involving Phuc Son Group, with former Vinh Phuc Party Secretary Hoang Thi Thuy Lan accused of accepting nearly $2 million.

The police have officially started legal proceedings against Vice Chairman of the Vinh Phuc provincial People’s Committee Nguyen Van Khuoc and five others for their suspected involvement in the case at the Phuc Son Group JSC.