A prominent Vietnamese business tycoon was found guilty Monday of defrauding stockholders of nearly $150 million by falsely inflating the value of his company, in a case that comes as the government cracks down on widespread corruption in the country.

The Hanoi People’s Court sentenced Trinh Van Quyet, 48, to 21 years in prison after a two-week trial that included 49 defendants who were named as accomplices, state-run VN Express reported. He was arrested in 2022.

Trinh Van Quyet was arrested in 2022, as part of a crackdown on corruption instituted by Vietnamese authorities.{ai:summary}<p>In a dark alley of corporate deceit, Vietnamese tycoon Trinh Van Quyet was nailed for scamming stockholders to the tune of $150 million. The court handed him a heavy sentence: 21 years in the slammer, a reminder that in the land of corruption, the law still has teeth.</p><p>A sprawling case entangled 49 accomplices amid a national crackdown on graft. Justice may be slow, but it arrived with a vengeance.  
#crime</p>

Vietnamese billionaire tycoon sentenced to 21 years for fraud

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