Misconduct costs officials in southern Vietnam $1.2 mln in compensation

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Authorities in Binh Phuoc Province have ordered 17 former and incumbent officials, including a former provincial leader, to pay more than VND25 billion (US$1.2 million) as compensation for losses caused by their misconduct.

According to the Finance Department of the southeastern province, the officials were involved in the selling of state-owned land reserved for rubber tree cultivation, causing losses to the state budget.

Among the officials are Truong Tan Thieu, former chairman of the provincial People's Committee, and his deputy, Nguyen Van Loi.

Early in 2008, the provincial People's Committee planted 1,000 hectares of rubber trees in order to make money for a road project.

Two years later, it set the price for three rubber tree plots covering a combined area of 31.3 hectares at VND11 billion.

As no individuals or organizations made any offers, the committee reduced the price by 30 percent without informing the local Party unit.

In December 2012, the committee sold the three plots and another 292 hectare-plot to some individuals at the reduced price, causing a loss of VND25 billion to the budget.

Early this month, Thieu was dismissed after his committee's wrongdoings were exposed.

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