Meter scam officials to stand in dock in Vietnam


Ho Chi Minh, Vietnam — (METERING.COM) — January 6, 2009 – Nineteen people involved in an electric meter purchasing scam at the Ho Chi Minh City Electric Power Company are due to go on trial in February, according to the local Thanh Nien news site.

Le Minh Hoang, former director of the HCMC Electric Power Company, and 18 others, including 11 state officials, will stand trial for “violating state economic regulations causing serious losses,” “producing counterfeit products” and “tax evasion,” the site reports.

Citing the indictment, the site says the state-run company had chosen Linkton Singapore to supply 10,000 single-phase electricity meters in violation of tender regulations, as the Singapore-based company had not submitted all the required paperwork.

The company also bought a further 302,000 meters from Linkton, of which 272,000 meters had not been budgeted for by its parent company, Electricity of Vietnam, leading to losses of more than VND175.5 billion (US$10 million).