A Vietnamese court is to make a ruling in the country's largest ever fraud case, also considered to be a bellwether case over the country's ability to tackle financial crime just as foreign investors and banks are seeking to capitalise on one of Southeast Asia's fastest growing emerging economies. The court will rule over whether a VietinBank manager, who stole 4.9 trillion dong and is now serving a life sentence in prison, was responsible for the theft, or if the bank itself should reimburse the victims. If the former, there is little hope of the victims recovering costs.
A Vietnamese court is to make a ruling in the country's largest ever fraud case, also considered to be a bellwether case over the country's ability to tackle financial crime just as foreign investors and banks are seeking to capitalise on one of Southeast Asia's fastest growing emerging economies. The court will rule over whether a VietinBank manager, who stole $215m and is now serving a life sentence in prison, was responsible for the theft, or if the bank itself should reimburse the victims. If the former, there is little hope of the victims recovering costs.