VIETNAM CRACKDOWN ON CORRUPTION ESCALATES
January 1st, 2014
A former executive of Vietnam’s largest bank by capital is beginning a life term in jail after admitting to a near Vietnamese dong VND4 trillion fraud (USD190 million).Huynh Thi Huyen Nhu, 36, was sentenced this week after she faked company stamps and forged signatures to steal from companies, banks and private persons, who made loans and deposits with Vietnam Joint-Stock Commercial Bank for Industry and Trade (VietinBank) on the promise of very high interest rates. Sentences of up to 20 years were also imposed on her accomplices inside and outside the bank.The ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.