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Vietnam court sentences to death PetroVietnam ex-chairman

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Staff Writer | Friday September 29, 2017 6:34AM ET
Nguyen Xuan Son
Oil exploration   Court of Hanoi

A Vietnam court sentenced to death Nguyen Xuan Son, a former chairman of state-run PetroVietnam.


This is after finding him guilty in the mass trial of 51 officials and bankers accused of graft and mismanagement that led to losses of $69 million.

The ex-PetroVietnam chairman was the second of the accused to be sentenced as the People’s Court of Hanoi began delivering its verdict in the long running trial.

The court had earlier in the day sentenced tycoon Ha Van Tham, founder of Ocean Group’s banking unit, Ocean Bank, to life imprisonment, having found him guilty of charges ranging from embezzlement to abuse of power.

Dozens of other banking and energy officials were also sentenced to jail terms.

 

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