Vietnam sentences two executives to death

Two business executives have been sentenced to death in Vietnam for their roles in a scandal that lost the state millions of dollars.

A Vietnamese court has sentenced two business executives to death for their roles in a scandal that caused millions of dollars in losses to the state.

State-run newspaper Thanh Nien said on Saturday that Vu Quoc Hao, former director of a leasing company under a state-owned bank, AgriBank, was convicted of embezzling $US3.8 million ($A4.09 million) and sentenced to death on Friday in southern Ho Chi Minh City.

The report says the court also sentenced businessman Dang Van Hai to death for appropriating $US3 million ($A3.23 million), while nine others including Hao's staff and three other businessmen were given jail terms ranging from three to 14 years for mismanagement or abuse of power.

It says the case caused losses of $US25 million ($A26.88 million) to the state.


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world
Vietnam sentences two executives to death | SBS News