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Vietnam Sentences Bankers To Death
By STEVEN PERLBERG of Business Insider
A Vietnamese banker and his business associate accused of embezzling $25 million of state money have been sentenced to death, Al Jazeera reports.
State media organizations said that the two were among 11 defendants in a trial looking at the falsification of legal documents from April 2008-March 2009. From Al Jazeera:
Vu Quoc Hao, 58, the one-time chief of a finance subsidiary of the state-owned Vietnam Agribank and building firm boss Dang Van Hai, 56, were sentenced to death on Friday, 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.
Full article: Vietnam Sentences Bankers To Death – Business Insider.
Picture credit: Reuters.
