Trinh Xuan Thanh at the police station on July 31. Photo cut from a clip by VTV.
Thanh, 51, gave himself up to police on July 31 after a time fleeing to Germany when his violations were uncovered and his punishments were announced, police said.
According to the investigation police, Thanh was accused of violating state regulations on economic management resulting in losses of nearly VND3.3 trillion (USD142 million) for the PVC during his leadership from 2011-2013. Thanh also faced corruption charges relating to Thanh Ha-Cienco 5 Land Project.
Besides Thanh, 10 of his staff including PVC general director, Vu Duc Thuan, PVC's two deputy directors, Truong Quoc Dung and Nguyen Manh Tien, and PVC's chief accountant, Pham Tien Dat have also been arrested for investigations into their violations.
