Corrupt Bank Officials Get Death Sentence in Vietnam
By Nina Kate, Sun, November 17, 2013

United States bankers may rarely see the inside of a prison cell, but the Vietnamese are taking financial corruption far more seriously. Vu Quoc Hao and Dang Van Hai have both been sentenced to death by lethal injection after a trial lasting just nine days in Ho Chi Minh City.

"They were given the sentences for embezzlement of assets, mismanagement, abuse of power and fraud, [and] causing serious consequences to the state," reported state TV programming.

The sentence is part of a recent effort to clean up corruption, which has grown rampant in Vietnam.

Vu Quoc Hao, 58, was once the general director of Agribank Financial Leasing Company II, or ALC II. He was charged with embezzlement, abuse of power while on duty and “intentionally isolating State regulations on economic management and causing serious consequences.”

Dang Van Hai, 56, was once chairman of the Board of Members of Quang Vinh Co., Ltd. He was charged with swindling, abuse of power and isolating state regulations.