BREAKING NEWS

Metro

World

Spiritual

29 Sep 2017

Wealthy Oil Boss Sentenced to Death for Stealing millions of Dollars from Bank

A wealthy oil boss has been sentenced to death after he was found guilty of fraud in Vietnam. The former chairman of Vietnam’s state oil company Nguyen Xuan Son, was on Friday sentenced to death for fraud, state media reported.

Xuan Son, who chaired the board of PetroVietnam from 2014 to 2015, was sentenced to death in a Hanoi court after being found guilty of stealing 13.6 million dollars from Ocean Bank, which was partially owned by PetroVietnam, the Vnexpress news site reported.

The bank’s former Chairman, Ha Tham, was sentenced to life imprisonment for violating rules on both economic management and lending. He was found to have given illegally generous deposit rates to favoured customers, including PetroVietnam.

Tham was accused of causing losses of around 70.4 million dollars owing to the violations. The Ocean Bank case, which has already involved 51 other defendants, is among the biggest economic scandals in Vietnamese history.

PetroVietnam has been hit with series of corruption scandals in recent years.

Trinh Thanh, former Head of the PetroVietnam Construction Joint Stock Corporation, a subsidiary of PetroVietnam, was accused of embezzling 150 million dollars in 2016 in a separate investigation.

Germany has accused Vietnam of kidnapping Thanh in Berlin, where he had sought asylum, in July.

Vietnam denies the accusations, maintaining that Thanh returned home and turned himself in of his own accord. He currently awaits trial.

-dpa

PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

How I Made Me =N=2.5 MILLION In 7 Days from 2 Common Product I Imported and how you can do the same. Click HERE FOR FREE Details right now

Warning To Men: This 3 Foods Is Killing Your Erection. Click Here To Know Them

REVEALED!! Reduce Your Blood Sugar Level And Reverse Diabetics Within A Short Period Of Time. Click Here To See How

Warning: Got Arthritis? 3 Simple Ways To Get Cured And Be Permanently Free From Joint Pains. Click Here To See Them

Secret Fruits that increased my Manhood and makes me last 55 minutes+ all time - Click here to get it

MIDNIGHT,Pressed Mr Kilanko Suddenly Couldn't Urinate. Shrink your Enlarged Prostrate Here! Click Here Now

Loading...

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian