Tan Hiep Lil is one of Vietnam’s biggest beer companies, known for its variety of packaged tea and energy beverages.
In his last words before the judge, Thanh said he regretted what happened and was ready to take role.
Thanh was quoted as saying,” I would like to be given leniency and given the chance to come back to society soon for my continued work and devotion.”
Judge Huynh Van Truc, who read the conviction in court Thursday, said the accused ‘ acts had” caused danger to society”.
The defendants had purposefully committed the crime, the judge claimed, noting that they knew their actions may be punished by the law.
“BLAZING FURNACE”
Some of Vietnam’s most effective business officials have been snared in the government’s “burning burner” bone clean.
More than 1, 700 circumstances have been prosecuted since 2021, and the blow has been led by strong Communist Party General Secretary Nguyen Phu Trong.
Property billionaire Truong My Lan was given the death penalty earlier this month for orchestrating a scam that cost an estimated US$ 27 billion in one of the biggest scams cases in history.
85 others, including top bank officials, were facing justice with Lan, who were all sentenced on charges ranging from corruption and energy abuse to creation and banking law infringements.
Would Anh Dung, a tycoon of luxury property, was given eight years in prison in Hanoi in March for defrauding thousands of investors in a US$ 35 million relationship scam.
State media reported that Dung and his brother, who was jailed for three decades, have already repaid the US$ 355 million.