Vietnam begins inspecting projects implemented by slush fund-hit Korean firm

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnam begins inspecting projects implemented by slush fund-hit Korean firm

Vietnam has kicked off an inspection of expressway projects South Korea firm POSCO Engineering and Construction (E&C) was contracted to after Korean media reported that an executive of the firm set up a slush fund and embezzled millions of U.S. dollars when working as the country director in Vietnam during the 2009-2012 period.

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Transport Ministry looks into projects contracted to RoK’s POSCO E&C

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Báo Dân Trí English 1 week(s) ago 4 related news

Transport Ministry looks into projects contracted to RoK’s POSCO E&C

Minister of Transport Dinh La Thang decided to set up an inspection team to look into expressway projects contracted to the Republic of Korea’s POSCO Engineering and Construction (E&C) on April 9.

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Transport Ministry looks into projects contracted to RoK’s POSCO E&C

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VietnamNet English 1 week(s) ago 4 related news

Minister of Transport Dinh La Thang decided to set up an inspection team to look into expressway projects contracted to the Republic of Korea’s POSCO Engineering and Construction (E&C) on April 9.

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ODA corruption: It’s time for Vietnam to review the system

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VietnamNet English 1 week(s) ago 1 related news

ODA corruption: It’s time for Vietnam to review the system

VietNamNet Bridge - "It's a shame," was a comment heard from many experts who spoke to the media about the recent allegations of ODA corruption in Vietnam. Most agreed that anti-corruption measures are ineffective.

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Transport Ministry looks into projects contracted to RoK’s POSCO E&C

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VOV News English 1 week(s) ago 4 related news

Transport Ministry looks into projects contracted to RoK’s POSCO E&C

Minister of Transport Dinh La Thang decided to set up an inspection team to look into expressway projects contracted to the Republic of Korea’s POSCO Engineering and Construction (E&C) on April 9.

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S Korean contractor POSCO audited amid allegations

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VietNam News English 1 week(s) ago

In response to recent eye raising, Transport Minister Dinh La Thang signed a decision yesterday to audit road projects involving the South Korean contractor POSCO Engineering & Construction Co., a construction arm of POSCO – the world's third-largest steel maker.

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Transport Ministry looks into projects contracted to RoK’s POSCO E&C

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VietnamPlus English 1 week(s) ago 4 related news

Minister of Transport Dinh La Thang decided to set up an inspection team to look into expressway projects contracted to the Republic of Korea’s POSCO Engineering and Construction (E&C) on April 9.

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Slush funds and bribery scandals overshadow Vietnam’s highway procurement

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VietnamNet English 2 week(s) ago

Slush funds and bribery scandals overshadow Vietnam’s highway procurement

Vietnam’s citing of figures showing the efficient use of Official Development Assistance (ODA) have been overshadowed by news about embezzlement of funds in highway projects.

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Ministry clarifies POSCO E&C issues

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VOV News English 2 week(s) ago 1 duplicate news 1 related news

The Ministry of Transport (MoT) has not received any official information relating to news reports that steelmaker POSCO Engineering and Construction (E&C) of the Republic of Korea was implicated in the creation of a slush fund in a construction project in Vietnam, Deputy Transport Minister Nguyen Hong Truong has said.

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Vietnam reviews bid packages of South Korea’s Posco after ex-CEO arrest

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Báo Đầu Tư English 2 week(s) ago

Vietnam reviews bid packages of South Korea’s Posco after ex-CEO arrest

South Korea’s Posco Group will have all of its construction bid packages in Vietnam reviewed following the arrest of an ex-CEO of one of its units, which has implemented several projects in the country, a Vietnamese transport official said Friday.

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VN not yet officially informed of Posco’s slush fund in VN: officials

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VietnamNet English 2 week(s) ago 1 related news

VN not yet officially informed of Posco’s slush fund in VN: officials

VietNamNet Bridge – Prosecutors raided the offices of three subcontractors of Posco on Tuesday as part of an investigation into allegations that the company created a slush fund in Vietnam, reported The Korea Times.

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Vietnam responds to RoK's slush fund scandal

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VOV News English 2 week(s) ago

Vietnam responds to RoK's slush fund scandal

The Ministry of Transport is reviewing contracts signed with POSCO Engineering and Construction after the Korean company is investigated in its home country for operating a slush fund of about 10 billion won (US$8.9 million) in Vietnam.

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Vietnam responds to South Korea's slush fund scandal, finds nothing amiss

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Báo Thanh Niên English 2 week(s) ago 2 related news

Vietnam responds to South Korea's slush fund scandal, finds nothing amiss

Noi Bai - Lao Cai expressway, one of a few projects executed by South Korean-owned POSCO E&C in Vietnam between 2009-2012. Photo: Thai Son

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VN not yet officially informed of Posco’s slush fund

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VietnamNet English 2 week(s) ago 2 related news

VN not yet officially informed of Posco’s slush fund

VietNamNet Bridge – Prosecutors raided the offices of three subcontractors of Posco on Tuesday, as part of an investigation into allegations that the company created a slush fund in Vietnam, reported The Korea Times.

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South Korean firm probed for slush fund allegations in Vietnam projects

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Báo Thanh Niên English 2 week(s) ago 2 related news

South Korean firm probed for slush fund allegations in Vietnam projects

The Ho Chi Minh City-Long Thanh-Dau Giay Expressway, one of the projects built by South Korea's POSCO Engineering & Construction Co. Photo: Diep Duc Minh

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