Order to imprison “Maverick” – On April 25, AFP reported that the court in Ho Chi Minh City Vietnam Sentenced to 8 years imprisonment Mr. Tran Quy Thanh Millionaire Business Owner Than Hiap Phat Beverage Group Company The country’s giant beverage producer according to the offense fraudulent More than 40 million US dollars or more than 1,485 million baht
It is the latest prominent business figure to be prosecuted under the Vietnamese government’s plan to step up its crackdown on corruption. Tran Quy Thanh and his two daughters were found guilty of defrauding investors about loans between late 2019 and early 2020, the report said.
Imprisonment of “tycoon” – Vietnamese soft drink boss Tran Qui Thanh (Centre) being led into a court in Ho Chi Minh City. Thanh appeared in court today in a USD40 million fraud case — the latest high-profile business figure snared in the country’s wide-ranging crackdown on corruption. Photo AFP
Previously on 11 April. Ho Chi Minh City Court sentenced to death Mrs. Truong Mai Lan President of a real estate company Wan Thing Fat In the country’s biggest fraud case from taking control of Saigon Bank Commercial
Over the course of 10 years, Truong ordered bank officials to approve loans for more than 2,500 controlled companies, causing the bank to lose more than 1 trillion baht.
A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts in one of the country’s biggest fraud cases. File Photo – AFP
FILE PHOTO: Workers decorate the sign of the Saigon Commercial Bank at a place which formerly operated by First Bank, in Hanoi January 5, 2012. REUTERS/Kham/File Photo
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Tags: Imprisonment tycoon giant beverage business Vietnam working son defraud billions
