Two shipping execs sentenced to death in Vietnam

A former Chairman and a former CEO of Vietnam's state-owned shipping company Vinalines have been sentenced to death for embezzlement and mismanaging state funds.

Two former senior executives of Vietnam's state-owned shipping company Vinalines were sentenced to death at a Hanoi court on Monday for charges relating to extensive embezzlement. An unusually harsh punishment in the Communist country where senior officials are seldom persecuted, says Reuters.

Duong Chi Dung and mai Van Phuc, former Chairman and former CEO of Vinalines, respectively, were found guilty of siphoning what amounts to USD 950,000 from the company as well as having mismanaged state funds to the detriment of the country's economy.

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