Former Vinaconex boss faces prosecution
The Ministry of Public Security’s Police Investigation Agency has prosecuted Phí Thái Bình, former chairman of the Vinaconex board of directors, for violating construction regulations and causing serious consequences.
Bình, who is also former vice chairman of the city’s People’s Committee, was found to be responsible for the mismanagement during the time he held the position at the company.
State-owned Vinaconex was the investor of the Đà River water pipeline, with total investment of VNĐ1.45 trillion (US$64.4million). The pipeline was put into operation in 2009 and has been ruptured several times in the past several years, causing serious impact on some 177,000 city households due to the water shortage.
