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

The court found Tran Qui Thanh and his two daughters guilty of scamming investors

Last updated:
1 MIN READ
Vietnamese soft drink boss Tran Qui Thanh (C) is led into a court in Ho Chi Minh City.
Vietnamese soft drink boss Tran Qui Thanh (C) is led into a court in Ho Chi Minh City.
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.

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.

Sign up for the Daily Briefing

Get the latest news and updates straight to your inbox

Up Next