Ex-chief of PetroVietnam sentenced to death for embezzlement | iNFOnews | Thompson-Okanagan's News Source

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Ex-chief of PetroVietnam sentenced to death for embezzlement

Ha Van Tham, center, former chairman of the Ocean Bank is being led to the court in Hanoi, Vietnam, Friday, Sept. 29, 2017. Tham was sentenced to life imprisonment for embezzlement and abuse of power to appropriate property at the end of one-month trial Friday. He was among 51 defendants involved in the case in which his former general director and former head of state-owned oil and gas firm, PetroVietnam, Nguyen Xuan Son was sentenced to death for embezzlement. (Doan Tan/Vietnam News Agency via AP)
September 28, 2017 - 10:58 PM

HANOI, Vietnam - A court in Vietnam has sentenced the former head of state-owned oil-and-gas giant PetroVietnam to death after finding him guilty of embezzlement and abuse of power in a high-profile corruption case.

Nguyen Xuan Son was convicted by the Hanoi court of embezzling $2.15 million and abusing his power to appropriate another $8.7 million from Ocean Bank. PetroVietnam had owned 20 per cent of the joint stock bank's shares.

Ocean Bank chairman Ha Van Tham was given life imprisonment for convictions on the same charges at the end of a monthlong trial Friday.

Twelve others of the 51 defendants received sentences of up to 30 years.

News from © The Associated Press, 2017
The Associated Press

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