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Vietnam starts high-profile trial over oil firm losses

Reuters  |  HANOI 

By Mi NguyenHANOI (Reuters) - Vietnam began the trial on Monday of 22 executives charged over losses totalling hundreds of millions of dollars at the state oil firm, PetroVietnam, with the most serious offences potentially carrying the death penalty.The defendants included the communist state's first politburo member to face trial in decades and a businessman who Germany says was kidnapped by Vietnamese agents from a Berlin park.The trial is part of a widespread crackdown on fraud and mismanagement in the energy and banking sectors that intensified after the security establishment gained ...

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First Published: Mon, January 08 2018. 15:53 IST