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Ho Thi Kim Thoa dismissed from Party position at industry ministry

The Party Central Committee’s Secretariat has decided to relieve Ho Thi Kim Thoa of her membership at the Party delegation at the Ministry of Industry and Trade for her violations when she led the Dien Quang Lamp Joint Stock Company.
Ho Thi Kim Thoa dismissed from Party position at industry ministry ảnh 1Ho Thi Kim Thoa (Photo: VNA)
Hanoi (VNA) – The Party Central Committee’sSecretariat has decided to relieve Ho Thi Kim Thoa of her membership at theParty delegation at the Ministry of Industry and Trade for her violations whenshe led the Dien Quang Lamp Joint Stock Company.

At a meeting chaired by Party General SecretaryNguyen Phu Trong on August 8, the Secretariat also proposed the Prime Ministerdismiss Thoa from the post of Deputy Minister of Industry and Trade.

It made the decision after considering theproposal of the Party Central Committee’s Inspection Commission andopinions of relevant agencies.

Earlier, the Inspection Commission issued awarning against Thoa for “serious violations” while she was working at the DienQuang company. It also proposed Thoa be stripped of all current positions.

The commission said that while serving asSecretary of the Party Committee and Director of former State-owned Dien QuangLamp Company, and then Secretary of the Party Committee, Chairwoman of theBoard of Directors and General Director of the Dien Quang Lamp Joint StockCompany, from January 2004 to May 2010, Thoa violated regulations andprocedures on business equitisation, and wrongly handled the loan interestworth 6.7 billion VND (298,000 USD) exempted by banks.

She infringed State regulations on landmanagement when the company signed a contract with another company to invest inthe land area at No 12, Ton Dan Street in HCM City. She also failed to properlyhandle the 30 billion VND (1.3 million USD) collected from the transfer of theright of the land area’s use.

Thoa bought more shares than the permissiblelevel and her transfer of shares also violated the company’s regulations.-VNA
VNA

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