20240425 tran qui thanh
Vietnamese soft drink boss Tran Qui Thanh (C) is led into a court in Ho Chi Minh City. Image Credit: AFP

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 wide-ranging crackdown on corruption.

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The court in Ho Chi Minh City found Tran Qui Thanh and his two daughters guilty of scamming investors over loans issued in late 2019 and early 2020.