Hanoi: Intriguing details have emerged of the scale of embezzlement by the latest man captured for his links to corruption with state maritime conglomerate Vinashin.
Giang Kim Dat, who was caught last week after five years on the run, bought 40 properties across Vietnam with the $18.6m he embezzled during his time with Vinashinlines, a shipping line affiliate of the shipbuilder, according to the Social Security Department.
Dat also co-invested in a large motor yacht worth around $54m.
Vinashin, now rebranded as Shipbuilding Industry Corporation (SBIC), went bankrupt around seven years ago, and since then authorities have unearthed massive a corruption scandal with many senior officials sentenced. Dat could face the death penalty for his actions.
