The Ho Chi Minh city people’s court opened the first instance trial and sentenced Phan Van Hoa, 46 years old, to 20 years in prison for embezzlement.
Hoa worked at Trung Vien company since 2016, and in 2022 was appointed deputy head of the business department and was directly responsible for collecting money from customers.
In 2022, the defendant collected more than 3.5 billion VND but only returned 1.4 billion VND, embezzling more than 2 billion VND for personal use.
Hoa admitted all his actions, stating that due to business losses and debts, he violated the law and caused damage to the company.
The panel of judges determined that the defendant’s actions were particularly dangerous, and that he had committed the crime many times, so he needed to be strictly punished.
The court also considered mitigating circumstances such as good character and honest confession before making a judgment.
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