Investors in Nha Trang airport project appeal victim status, citing trust in developers
Translated from Vietnamese, summarized and contextualized by DistantNews.
At a glance
- Hundreds of investors in the Nha Trang old airport project have appealed their victim status, stating they do not wish to be considered harmed.
- The case involves alleged violations by former Ministry of Defense officials and the Phรบc Sฦกn Group, who transferred over 62 hectares of defense land.
- Investors claim they trusted official documents when signing contracts and that Phรบc Sฦกn used their funds to develop the project, not for fraud.
Hundreds of investors involved in the Nha Trang old airport project have filed appeals, requesting not to be classified as victims in the ongoing legal proceedings. The case, which is being heard in the Central Military Court on June 29, concerns alleged wrongdoings by former Ministry of Defense officials and the Phรบc Sฦกn Group.
Five defendants, including former Major General Nguyแป n Duy Cฦฐแปng and former Major General Hoร ng Viแบฟt Quang from the Ministry of Defense, along with Nguyแป n Vฤn Hแบญu, former Chairman of Phรบc Sฦกn Group, have appealed their sentences. The initial ruling found that officials improperly transferred over 62 hectares of defense land to Phรบc Sฦกn Group. Hแบญu is accused of signing 983 contracts with 683 individuals and organizations, raising over 7 trillion Vietnamese dong, despite knowing the project's legal status was uncertain.
In January, Hแบญu was sentenced to 11 years in prison (30 years total with another conviction), while Cฦฐแปng and Quang received 2 years and 6 months for land management violations. Many former leaders of Khรกnh Hรฒa province also received prison sentences. The initial court ordered Hแบญu to compensate the investors, who were recognized as victims.
However, these investors argue that they entered into contracts with Phรบc Sฦกn based on trust in official documents and were unaware of subsequent irregularities. They contend that their payments were contributions to the project's financial resources, which Phรบc Sฦกn used for infrastructure development, rather than evidence of fraud. The investors seek to be recognized as third parties and urge the court to compel Phรบc Sฦกn to complete the project and transfer the land as per their agreements. They also request that any share transfers by Hแบญu and the company ensure the successor upholds all obligations.
Originally published by Thanh Niรชn in Vietnamese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.