Friday, January 12, 2018

Vietnam Communist Government Launches Anti-Corruption Sweep


The government has put on trial 22 executives who have been charged with losses of Vietnam’s oil firm, PetroVietnam. Among the executives, is the first politburo member to face a trial in decades.

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The trial follows a crackdown on corruption and mismanagement of the banking and energy industries. Of the executives being charged, 12 are accused of economic mismanagement and eight are accused of embezzlement. The seriousness of these offenses may result in the death penalty or 20 years in prison.

The corruption crackdown is rumored to be politically driven and aimed at those who are close to the former PM Nguyen Tan Dung. One of the Politburo members on trial was said to be kidnapped from a park in Berlin and taken back to Vietnam against his will to face charges of more than $150 million from PetroVietnam.

However, when he appeared in court on national television, he stated that the decision to return home was his own.
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