Vietnam is showing us how to treat Banksters and clean up the Banking system. Vietnam court will consider the death penalty for a Vu Quoc Hao, the former general director of Agribank Financial Leasing Co. who is charged with embezzling 531 billion dong. While that sounds like a whole lot of dong, converted into USD it is only $25 million, imagine what all those in Wall Street were faced this punishment? Under Vietnam law, those convicted of embezzling property valued at 500 million dong or more, or creating “other particularly serious consequences,” can be sentenced to life imprisonment or death. Eleven defendants, including Hao, 58, and Hai, are charged with embezzlement, mismanagement, abuse of power and fraud, according to a statement on the court’s website. Prosecutors allege that Hao and Hai formed 10 fake financial leasing contracts to disperse almost 800 billion dong. bloomberg/news/2013-11-12/ex-bank-executive-may-face-death-in-vietnam-fraud-trial.html
Posted on: Fri, 15 Nov 2013 20:22:51 +0000
Trending Topics
Recently Viewed Topics
© 2015