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Former bank official gets life imprisonment

Huynh thi Huyen Nhu, VietinBankThe Ho Chi Minh City People’s Court on January 27 sentenced Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), to life behind bars for “swindling to appropriate assets” and “counterfeiting seals and materials of agencies and organizations.” A number of others involved received sentences of between eight and 20 years. The defendants were also forced to refund the money they illegally appropriated , of which nearly four trillion VND (188 million USD) Nhu took over from nine companies, three banks and three individuals. Read more