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Sunday, May 27, 2012

Wealthiest Vietnamese MP Lost Her Seat For Husband's Fraud








One of Vietnam's wealthiest people was ousted from the communist parliament Saturday, reports said, after she was accused of failing to disclose that her Vietnamese-American husband was wanted for fraud.
Dang Thi Hoang Yen, chairwoman of industrial park developer Tan Tao Group, lost her seat on the 500-member national assembly after a vote that saw 457 deputies in support of her sacking, according to the Thanh Nien newspaper.
Earlier reports in the state-sanctioned media claimed Yen who was ranked Vietnam's 37th-wealthiest individual in 2011, according to stock-market holdings, and was in the top 10 from 2008 to 2010 -- failed to alert authorities to the fact her husband was wanted by the police.
She is married to Vietnamese-American Jimmy Tran, who now lives in the US. In 2010, the 57-year-old Tran was accused of "abusing trust to appropriate assets" at a private company.
Yen, 53, also omitted to mention that she was a member of the ruling communist party in her first application to be a parliamentary candidate, reports said.
Under Vietnamese law, a parliamentarian can be removed for making false declarations on their application for the post.
Publicity surrounding the case could point to a political campaign against her, perhaps by those jealous of her wealth and success, analysts say.

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