Wednesday, March 4th-0.7°C
25405
25147

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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15055.93-77.92
S&P CDNX697.10-5.20
DJIA18114.75-88.62
Nasdaq4968.816-11.085
S&P 5002098.03-9.75
CDN Dollar0.8054+0.0048
Gold1200.10-3.90
Oil52.19-0.31
Lumber289.70-4.70
Natural Gas2.762+0.05

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.05
Cantex0.035-0.005
Anavex Life Sciences0.1750.00
Metalex Ventures0.04-0.005
Russel Metals24.82-0.39
Copper Mountain Mining1.24-0.01
Colorado Resources0.125-0.01
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.21-0.005

 



24947

FEATURED Property
1169376BEAUTIFUL TWO STORY PLUS BASEMENT NEW HOUSE IN WEST KELOWNA ONLY $499,000! WOW
$499,000
more details
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


24681