Vietnam court jails soft drinks tycoon in $40 million scam case ...Middle East

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Vietnam court jails soft drinks tycoon in $40 million scam case
Ho Chi Minh City: Vietnam’s top soft drinks tycoon was jailed for eight years on Thursday in a $40 million fraud case, the latest high-profile business figure snared in the country’s sweeping crackdown on corruption.The communist nation’s wide-ranging campaign to wipe out endemic graft has seen more than 4,400 people charged with criminal offences, including officials and senior business figures.A court in Ho Chi Minh City found Tran Qui Thanh and his two daughters guilty of scamming investors over loans issued in 2019 and 2020.Thanh, the 71-year-old chairman of beverage group Tan Hiep Phat, was ruled to have masterminded scams to appropriate assets put up as collateral against loans, state

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