Two former executives accused of embezzling around $11.5m from state-owned Vinashinlines have been handed death sentences by a court in Hanoi.
Four men went on trial last week in Hanoi, including the former general director of the firm, its former chief accountant and the ex-head of sales. The three were joined in the dock by the father of the ex-sales head.
All four were found guilty of pocketing cash from nine ship charter deals and when buying three ships for the line between 2006 and 2008.
Giang Kim Dat and Tran Van Liem, ex-head of sales and former general director, were handed the death sentences while former accountant, Tran Van Khuong, was given life in prison. Dat’s father was given a 12-year sentence for money laundering.
Vinashinlines applied for court protection in 2014 – much of its fleet has since been sold.