Vietnam: 51 Bankers Found Guilty: Sentences Ranged From Death To Life In Prison

Vietnam ~ Nguyen-Xuan-Son Moment Of Death Sentence

A Vietnamese Court began issuing verdicts [Vietnam Net report] and sentences Friday in an ongoing anti-corruption case for members of Ocean Bank, with former CEO Nguyen Xuan Son being sentenced to death for embezzlement.

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Other sentences include life in prison for Ha Van Tham, former Chairman of Ocean bank. The 51 officials and bankers who stood trial were accused of mismanagement leading to losses [BBC report] of USD $69 million. The charges implicated dozens of the men down the ranks, targeting accountants and branch managers.

The presiding Judge, Truong Viet Toan, said [Gulf Times report], the serious nature of the crimes required strict punishment.

Lawyers for Nguyen Xuan Son have stated that he will appeal the decision in the coming months.


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