Mr. Cao Duy Hai resigned as Managing Director of Mobifone due to the acquisition of AVG



The Ministry of Information and Communication has just announced the decision of Mr. Cao Duy Hai to incorrectly terminate the position of Managing Director of Mobifone Corporation (Mobifone) and member of the Board of Members (Mobifone) of Mobifone related to the acquisition by Mobifone of 95% of the shares of Global Audio and Video Joint Stock Company (AVG).

Cao Duy Hai was removed from the position of Managing Director of Mobifone due to the acquisition of AVG - Photo 1.

Mr. Cao Duy Hai as the Director General of Mobifone

Mr. Cao Duy Hai has been Managing Director of Mobifone since April 2015.

Cao Duy Hai was born in 1961 and graduated from the military technical university. He was the director of Mobifone 1, then deputy managing director of Mobifone.

Previously, the central anticorruption steering group and the leaders of the Ministry of Public Security, the CSO Department in Crime and Corruption (C46) – Ministry of Public Security had investigated the wrongdoing. Mobifone buys 95% of the shares of AVG.

On 10 July, C46 filed a criminal case against "Violation of the rules for management and use of the capital of public investments that have serious consequences" on Mobifone – Ministry of Information and Communication.

The Ministry of Public Security has taken a decision to prosecute the suspect, to arrest Le Nam Tra – former chairman of Mobifone, currently a staff of the Ministry of Information and Communication and Pham Dinh Trong. Ministry of Information and Communication, on the offense of "violating regulations on the management and use of the capital of public investments that have serious consequences". On the same day, the police also looked for the location of these two men.

On the same day, the Supreme People's Procuratorate approved the above-mentioned decisions and orders. Currently the C46 concentrates on clarifying criminal offenses of the two defendants and expands the investigation of the case.

Earlier, the Central Commission for Inspection (CPP) identified Le Nam Tra with many serious violations, which were responsible for the Mobifone Council that was presented to the Ministry of Information and Communication that approved and organized the implementation. Mobifone currently acquires 95% of the shares of AVG. Mr. Tra has signed many documents relating to the project directly in violation of the regulations.

Mr. Pham Dinh Trong has many serious violations in advising the leaders of the Ministry of Information and Communication to lead, direct and organize the implementation of this project.

The violations of Le Nam Tra and Pham Dinh Trong have caused major losses to assets of the state, which has seriously affected the operation and equitization process of Mobifone, the prestige of the party organization and the Ministry of Information and Communication. TT. Then Le Nam Tra and Pham Dinh Trong were disciplined by exterminating the Party.

On 10 October, the Secretary-General Nguyen Phu Trong chaired the secretariat meeting.

The party secretariat has studied the proposal of the Party Communist Party of the Communist Party of Vietnam (CPC) on the proposal to consider the disciplining of the party committee of the Ministry of Information and Communication (MIC) for the period 2011-2016.

As a result, the secretariat found that the MIC had violated: flaws in the organization of the party, violation of the principles of democratic centralism and labor regulations; lack of responsibility, release leadership, direction, inspection, supervision, so that the Ministry of Information and Communication and Mobifone seriously violated the legal provisions in the preparation, assessment, approval and execution The Mobifone project acquired 95% of the shares of AVG , resulting in a large loss of state assets; to a serious and very serious ministerial leadership in the implementation of the principles of work and responsibilities, assigned tasks; Do not lead on time, direct implementation of the conclusion of the Inspectorate of the government (Prime Minister) about the project.

"Violations of the MIC's MIC are very serious, resulting in a large loss of state assets, with serious consequences for Mobifone's operation and equitization process, to the prestige of the organization." Party and Ministry of Information and Communication, causes urgency in society "- clear conclusion of the Secretariat.

The secretariat decides to implement the BCC discipline for the period 2011-2016 in the form of "Warning".

At the end of April 20, TTCP confirmed that it had transferred the entire transaction file from Mobifone to purchase 95% AVG shares to C46 – Ministry of Public Security for clarification.

On April 26, 2018, Mobifone sent a report to the Ministry of Information and Communication on post-inspection. Mobifone buys 95% of the AVG shares. Accordingly, as of April 17, 2018, the total amount Mobifone received from the representative of the transferor is more than 4.533 billion according to the repayment schedule of the signed agreement between the two parties on 28- 3-2018.

In particular on 15 March, transferable shareholders' representatives transferred 450 billion to Mobifone's account; on 16/4 representatives of shareholders represented 2,083,597,383,300; April 16 to transfer 1,000 billion; On April 17, 1,000 billion was transferred.

Mobifone has also announced that, on Mobifone's account with the BIDV Quang Trung branch, the total revenue is 3.971437.749.442.

In particular, on April 26, 2018, the representative of the transferor transferred the amount of VND 3,971,437,749,442 to the account of Mobifone at BIDV.

Since Mobifone was not instructed by the competent authorities about the procedures for the transfer of shares and the transfer of the shares of AVG to the shareholders, Mobifone & # 39; s account with MobiFone and mobilized by Mobifone and its shareholders. About the implementation of intermediary payments with BIDV Quang Trung office.

For example, on 26 April 2018 the total amount received by Mobifone from the representative of the transferring shareholder was VND 8,505,035,132,742, including the amount of Mobifone paid to the group of transferors. The purchase of 95% of the AVG shares (VND8,445,324,611,000) and VND 59,710,521,742 is the amount of money transferred by the transferor to cover temporarily the expenses related to the project and the provisional interest on the amount paid by Mobifone to pay. .

Bao Tran


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