Tag: "Mekolor"
CEO of Vietnamese firm behind $100bn high-speed rail proposal arrested for fraudulent claims
Vietnam News 13:46 06/08/2026Authorities in Vietnam have arrested the CEO of a company that gained notoriety for proposing a staggering US$100 billion high-speed railway project, charging him with spreading false claims and attacking state institutions online.
Vietnamese firm in alliance that pledges $100bn for North-South high-speed railway has $38,500 charter capital
Economy 19:05 10/06/2025An investment alliance involving Mekolor JSC, a Vietnamese company with just VND1 billion (US$38,500) in registered capital, has stunned the public by proposing to arrange $100 billion to develop Vietnam’s North-South high-speed rail project without government guarantees.
