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Vietnam jails ex-Saigon Jewelry CEO as US$4 million gold bullion scam costs state dearly

Le Thuy Hang and 15 accomplices caused over $4 million in losses by illegally diverting state gold to private buyers, exploiting government policies and market distortions, court found.

Summary by KULR-TV
A court in Vietnam sentenced on Tuesday 16 people at its only state-sanctioned producer of gold bars to lengthy prison terms in a corruption case involving millions of dollars and hundreds of kilograms of bullion, state media reported.

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The Killeen Daily HeraldThe Killeen Daily Herald
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Vietnam jails former officials over gold bar graft: state media

A court in Vietnam sentenced on Tuesday 16 people at its only state-sanctioned producer of gold bars to lengthy prison terms in a corruption case involving millions of dollars and hundreds of kilograms of bullion, state media reported.

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Bloomberg broke the news in United States on Tuesday, September 30, 2025.
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