Nguyễn Văn Thuyết is at the court which sentences him to life imprisonment. – VNA/VNS Photo Trung Kiên
Viet Nam News
PHÚ THỌ – The Phú Thọ People’s Court yesterday gave a 38-year-old man a life sentence for committing fraud and misappropriating 50kg of gold.
Nguyễn Văn Thuyết, who lives in Hà Nội’s Thanh Xuân District, bought 50kg of gold in June 2014 at a price of VNĐ43.7 trillion (US$1.9 billion) from Nguyễn Trung Thành, owner of the Nam Thành Gold Enterprise in Việt Trì City, Phú Thọ northern province.
By July 2014, Thuyết had paid more than VNĐ24.2 trillion ($1.07 billion) but could not pay the remaining amount, which was some VNĐ19 billion ($844,400).
The provincial people’s procuracy said this was a serious case with no precedent in the province.
Thuyết was sentenced to life imprisonment and has been ordered to pay Thành the money owed to him. – VNS