Alva Review-Courier -

Ex-chief of PetroVietnam sentenced to death for embezzlement

 

September 29, 2017



HANOI, Vietnam (AP) — The former head of state-owned PetroVietnam was sentenced to death Friday for embezzlement and abuse of power committed in his former job leading a bank partly owned by Vietnam's oil-and-gas giant. A judge in the graft case involving dozens of defendants warned that corruption by Communist Party members and civil servants threatened the regime's survival.

Nguyen Xuan Son was convicted by the Hanoi People's Court of embezzling $2.15 million and abusing his power to appropriate another $8.7 million from Ocean Bank, a joint stock bank in which PetroVietnam had owned 20...



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