Top Vietnamese tycoons held in wave of fraud cases and accused of embezzling billions of dollars


HANOI (AFP): Vietnamese prosecutors announced charges against a major drinks tycoon on Friday, the latest in a wave of arrests targeting top business leaders accused of embezzling billions of dollars.

Truong Quy Thanh, the head of Tan Hiep Phat Group -- which makes some of the country's most popular soft drinks -- is to be prosecuted along with his two daughters for appropriating US$31.5 million.

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