Vietnam court jails 46 bankers, execs for loan scheme

Pham Cong Danh (standing), at a separate court hearing in 2017

Hanoi (AFP) - A court in Vietnam convicted 46 former bankers and businessmen of corruption on Monday over a multi-million-dollar lending scam spearheaded by the once-powerful chairman of Vietnam's Construction Bank.

It is the latest in a series of major banking trials aimed at cleaning up the opaque sector long plagued by bad debts, corruption and nepotism.