Vietnam Shipbuilding Execs Charged in Scandal

Wednesday, September 28, 2011

According to a report from Radio Free Asia, nine senior officials at Vietnamese government-run shipbuilding firm, Vinashin, which now owes debts of $4.5b, are accused by authorities of deliberately abusing their positions for financial gain, the country’s official media reported. The charges against the executives can carry up to 12 years in prison.

Source: Radio Free Asia

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