On January 6, 2023, Tan Tao Industry and Investment Joint Stock Company (ITA) issued notice No. 174/TB-ITACO 23 to the State Securities Commission; Ho Chi Minh City Stock Exchange (HoSE) on information disclosure: The international legal professional organization has completed the service of the file once morest Quoc Linh Construction Service Trading Co., Ltd and Mr. Tran Quang Quoc and Ms. Huynh Thi Cam Linh. The ITA said in February 2023, the Federal Court began reviewing the case.
According to information from ITA, on November 14, 2022, the International Legal Professional Organization served the file once morest Quoc Linh Construction Services Trading Co., Ltd (hereinfollowing referred to as Quoc Linh Company) and Mr. Tran Quang Quoc and Ms. Huynh Thi Cam Linh are the owners of Quoc Linh Company.
But both Mr. Quoc and Ms. Linh deliberately evaded the application. However, according to the rules of the United States Federal court, service is completed.
| Ms. Dang Thi Hoang Yen. |
Accordingly, Ms. Dang Thi Hoang Yen (Maya Dangelas), Chairman of the Board of Directors of ITA announced publicly the lawsuit once morest Quoc Linh Company and Mr. Quoc and Ms. Linh are the owners of Quoc Linh Company to claim damages of 250 million USD. to force the ITA to open bankruptcy proceedings.
In February 2023, the Federal Court began to consider the case. ITA recommends that Quoc Linh Company and related persons being sued should hire US attorneys to protect their interests in Federal Court.
“This lawsuit is also a wake-up call for companies and individuals in Vietnam who need to be transparent and do business according to the law because Vietnam is in the process of international integration and cannot continue to use the system. and corrupt individuals for personal gain”, stated the ITA statement.
In October 2022, Ms. Dang Thi Hoang Yen filed an official application in the US Federal Court to sue Quoc Linh Construction Company, Mr. Tran Quang Quoc and Ms. Huynh Thi Cam Linh are owners of Construction Company. Building Quoc Linh.
According to the accusations made by Ms. Yen, Quoc Linh Construction Company and the company’s owner deliberately cheated with fake evidence. Although there was no economic relationship with ITA, Quoc Linh Company connected with a court administrator to force ITA to open bankruptcy proceedings. This caused ITA’s share price to plummet.
According to the published content, Ms. Yen sued for compensation for her own personal $ 28 million and the company ITA for $ 300 million.
