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Update news tan hiep phat scandal
Tran Qui Thanh, founder and former chief executive officer of Tan Hiep Phat Beverage Group, has been sentenced to eight years in prison for abusing trust to misappropriate property.
Tran Qui Thanh, founder of Tan Hiep Phat Beverage Group, and his two daughters will stand trial in April on alleged charges of abusing trust to misappropriate assets totaling VND1,048 billion.
The owner of Tan Hiep Phat Group, Tran Quy Thanh, was once considered a super wealthy businessman, second only to the wealthiest, Pham Nhat Vuong. However, Thanh has been denounced and arrested for alleged swindling.