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HANOI, Vietnam (AP) — A prominent Vietnamese business tycoon was found guilty Monday of defrauding stockholders of nearly $150 million by falsely inflating the value of his company, in a case that comes as the government cracks down on widespread corruption in the country.
A prominent Vietnamese business tycoon was found guilty on Monday of defrauding stockholders of nearly US$150 million by falsely inflating the value of his company, in a case that comes as the government cracks down on widespread corruption in the country.
HO CHI MINH CITY -- Vietnam started the trial Monday of a property and airline mogul accused of stock manipulation worth 723 billion dong ($28 million), part of a national corruption crackdown that has toppled top political and business leaders, including a woman on death row.
It is crucial, however, to assess the new faces who have been recently promoted to the Politburo and Secretariat, the most consequential political agencies in the one-party state. Given the timing of the appointments as well as their criteria, they are likely to remain at the top echelon of the nation’s leadership after the 14th Congress in 2026.
HANOI, Vietnam (AP) — The unusually harsh death sentence given to a real estate tycoon in Vietnam was a pivotal moment in the decadelong “Blazing Furnace” anti-corruption campaign as the Vietnamese business community wrestled with an uncertain future Friday.