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Vietnam sends ex-ministers, executives, to prison for graft

Vietnam sends ex-ministers, executives, to prison for graft

13 Sept 09:54 Key points summarised by AI
  • Former Vietnamese Information Minister Nguyen Bac Son received a life sentence for accepting a $3 million bribe to orchestrate an inflated acquisition deal.
  • The 2016 deal involved state-owned Mobifone purchasing 95% of Audio Visual Global (AVG) shares for $383.83 million, a price nearly ten times its true value.
  • Son's successor, Truong Minh Tuan, was sentenced to 14 years for taking a $500,000 bribe related to the same fraudulent acquisition.
  • Key Mobifone executives, including former chairman Le Nam Tra and executive director Cao Duy Hai, received lengthy prison terms for their involvement in bribery and mismanagement.
  • AVG CEO Pham Nhat Vu was jailed for giving bribes, alongside nine other officials and executives implicated in the widespread corruption case.
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