Vietnamese tycoon, former football boss sentenced to 30 years in prison for financial crimes
HANOI, Vietnam - A Vietnamese court has sentenced one of the country's richest men to 30 years in prison after convicting him of financial crimes.
Nguyen Duc Kien, a flamboyant businessman who also headed the Hanoi ACB football club, was arrested in 2012 as part of what was seen as the fall out of a power struggle among Communist Party leaders.
A Hanoi court sentenced Kien on Monday after finding him guilty of millions of dollars of fraud at investment companies he ran.
Kien was the director of Asia Commercial Bank, one of the Vietnam's largest. His arrest triggered a run on the bank's deposits and highlighted concern about the weak state of Vietnam's banking sector.
Read more Business News
- Power outage pastimesWest Kelowna
- $10 million steroid bustCanada - 5:30 am
- Conserve waterWest Kelowna
- Fix me a drink!Kelowna - 5:00 am
|QHR Technologies Inc||1.26||+0.04|
|Anavex Life Sciences||0.1805||+0.0001|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.31||-0.01|
Investors seeking income often limit their selection to bonds and give little or no consideration to preferred shares. They usually ignore preferreds simply because they don't know much about them...
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...