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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.

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Source: AAP


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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.


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