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Prosecutors seek death penalty for former Vinalines top execs
Vietnamese prosecutors want the death penalty for the former top two executives at Vietnam National Shipping Lines (Vinalines) for corruption offences.
1 Min Read
Kalyakan - stock.adobe.com
Duong Chi Dung, the ex-chairman of Vinalines, and Mai Van Phuc, the former ceo are on trial in Hanoi having caused a loss of VND366bn ($17.26m) on the unapproved purchase of a floating dock and embezzled a total of $1.66m. Eight other officials from the national shipping company are also on trial.
The two former top officials have been charged with “intentionally violating state regulations on economic management, causing serious consequences,” and “embezzlement.”
Hanoi People’s Procuracy called for Dung and Phuc to be given the death penalty.
Dung fled to Cambodia in 2012 but was arrested in September that year after an international man hunt.
The Vietnamese authorities are taking a hard line on corruption in its state-owned industries. In 2012 Pham Thanh Binh, former chairman of Vietnam Shipbuilding Industry Group (Vinashin) was jailed for 20 years misappropriated funds and causing the collapse of the group.
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