According to a posting on the Vietnam government’s website, Nguyen Hoang, a former chief accountant with the National Institute of Hygiene and Epidemiology, was found guilty of committing theft between March 2009 and February 2023
In Vietnam, a former government employee, who worked as chief accountant with the National Institute of Hygiene and Epidemiology, has been sentenced to death for stealing more than 152 billion dong ($6.2 million).
According to a posting on the Vietnam government’s website, Nguyen Hoang was found guilty of committing theft between March 2009 and February 2023.
Two institute directors and another former chief accountant have also been convicted and sentenced to between three and four years in prison for failing to act responsibly, the statement further mentioned.
Why was he not caught earlier?
Hoang was not caught for embezzlement during these years as he hid his activities by regularly modifying financial statements from 2009 to 2017, the government statement said.
What did he do with the money?
Admitting the charges against him, Hoang revealed that he used the money for personal purpose as well as for gambling.
Death penalty for financial crimes in Vietnam
In the recent months, handing over the death sentence for financial crimes in Vietnam has come under the spotlight after real estate tycoon Truong My Lan was sentenced to death in April for her role in a $12 billion fraud case.
The conviction of Hoang is another sign that Vietnam’s years-long anti-corruption campaign spearheaded by the late Communist Party Secretary Nguyen Phu Trong shows no sign of slowing down.
Source:
firstpost.com, Staff, September 24, 2024
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"One is absolutely sickened, not by the crimes that the wicked have committed,
but by the punishments that the good have inflicted."
— Oscar Wilde
