Vietnam sentences two corrupt bankers to death

Corruption VietnamA Vietnamese banker and his business associate accused of embezzling $25 million of state money have been sentenced to death, news channel Al Jazeera reported.

Vietnam state media said that the two were among 11 defendants in a trial looking at the falsification of legal documents from April 2008 to March 2009.

Vu Quoc Hao, 58, the one-time chief of a finance subsidiary of the state-owned Vietnam Agribank and construction company executive Dang Van Hai, 56, were sentenced to death on November 15, according to state television.

“They were given the sentences for embezzlement of assets, mismanagement, abuse of power and fraud, causing serious consequences to the state,” it said.

The other nine defendants were jailed for up to 14 years for violating state economic regulations, the report added.

Vietnam’s government has promised to crack down on the corruption that currently riddles the country, according to the report.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

A Vietnamese banker and his business associate accused of embezzling $25 million of state money have been sentenced to death, news channel Al Jazeera reported. Vietnam state media said that the two were among 11 defendants in a trial looking at the falsification of legal documents from April 2008 to March 2009. Vu Quoc Hao, 58, the one-time chief of a finance subsidiary of the state-owned Vietnam Agribank and construction company executive Dang Van Hai, 56, were sentenced to death on November 15, according to state television. "They were given the sentences for embezzlement of assets, mismanagement, abuse of power...

Corruption VietnamA Vietnamese banker and his business associate accused of embezzling $25 million of state money have been sentenced to death, news channel Al Jazeera reported.

Vietnam state media said that the two were among 11 defendants in a trial looking at the falsification of legal documents from April 2008 to March 2009.

Vu Quoc Hao, 58, the one-time chief of a finance subsidiary of the state-owned Vietnam Agribank and construction company executive Dang Van Hai, 56, were sentenced to death on November 15, according to state television.

“They were given the sentences for embezzlement of assets, mismanagement, abuse of power and fraud, causing serious consequences to the state,” it said.

The other nine defendants were jailed for up to 14 years for violating state economic regulations, the report added.

Vietnam’s government has promised to crack down on the corruption that currently riddles the country, according to the report.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply