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Vietnam jails former Vietsovpetro officials in graft crackdown

Friday, March 22, 2019, 22:18 GMT+7
Vietnam jails former Vietsovpetro officials in graft crackdown
Tu Thanh Nghia (R), former chief executive officer of Vietsovpetro, and Vo Quang Huy, the company's former chief accountant, stand trial in Hanoi, March 22, 2019. Photo: Diep Thanh / Tuoi Tre

HANOI -- A court in Vietnam jailed two former officials of a Vietnam-Russia oil joint venture on Friday, after convicting them of abusing their power to appropriate property, state media said.

Vietnam is widening a corruption crackdown that has seen the government launch investigations into hundreds of public officials and jail several executives at state-owned enterprises.

Tu Thanh Nghia, former chief executive officer of Vietsovpetro, and its former chief accountant, Vo Quang Huy, were found guilty of siphoning more than 6 billion dong ($259,000) of interest earned from the company’s account with domestic lender Ocean Bank, the Thanh Nien newspaper said.

The Hanoi People’s Court jailed Huy for seven years and Nghia received a 3-1/2-year term, it added.

Reuters could not immediately reach their lawyers for comment.

Vietsovpetro is 51 percent owned by state-run Vietnam Oil and Gas Group, and Russia’s Zarubezhneft holds the rest.



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