VIETNAM: TWO SENTENCED TO DEATH FOR EMBEZZLEMENT
|A policeman guards Ho Chi Minh City courthouse
November 15, 2013: A Vietnamese court 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 Saturday (November 16) that Vu Quoc Hao, former director of a leasing company under a state-owned bank, Agribank, was convicted of embezzling $3.8 million and sentenced to death in southern Ho Chi Minh City.
The report says that the court also sentenced businessman Dang Van Hai to death for appropriating $3 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 $25 million to the state. (Sources: AP, 15/11/2013)