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Vietnam arrests more PetroVietnam Construction executives -ministry
September 29, 2017 / 5:44 PM / 3 months ago

Vietnam arrests more PetroVietnam Construction executives -ministry

HANOI, Sept 29 (Reuters) - Police in Vietnam arrested on Friday three more executives at PetroVietnam Construction JSC , a brand of state oil company PetroVietnam, on charges of economic mismanagement, widening investigations involving the company whose former chairman has also been arrested.

Probes into PetroVietnam have been in the spotlight since its former chairman Trinh Xuan Thanh was arrested on allegations of corruption.

The latest actions were announced in a statement published on the Ministry of Public Security website. It said that police had issued arrest warrants for current chairman Nguyen Anh Minh and two other officials of PetroVietnam’s construction brand, who were accused of embezzlement and intentional breach of state rules for economic management causing serious consequences.

On Friday, a court in Vietnam sentenced to death former chairman of PetroVietnam Nguyen Xuan Son after finding him guilty in a mass trial of 51 officials and bankers accused of graft and mismanagement that led to losses of $69 million.

The death sentence was the first time in years it had been given to such a senior former official and came amid an intensifying corruption crackdown.

Son maintained his innocence and would appeal the verdict from the People’s Court of Hanoi, his lawyer, Le Minh Tam, told Reuters. (Reporting by Mi Nguyend; Editing by Toni Reinhold)

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