Vietnamese tycoon former football boss sentenced to 30 years in prison for

Vietnamese tycoon, former football boss sentenced to 30 years in prison for financial crimes HANOI, Vietnam – A Vietnamese court has sentenced one of the country’s richest men to 30 years in prison after convicting him of financial crimes.Nguyen Duc Kien, a flamboyant businessman who also headed the Hanoi ACB football club, was arrested in 2012 as part of what was seen as the fall out of a power struggle among Communist Party leaders.A Hanoi court sentenced Kien on Monday after finding him guilty of millions of dollars of fraud at investment companies he ran.Kien was the director of Asia Commercial Bank, one of the Vietnam’s largest. His arrest triggered a run on the bank’s deposits and highlighted concern about the weak state of Vietnam’s banking sector. by The Associated Press Posted Jun 9, 2014 3:57 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

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Best ever January for British engine production

Mike Hawes, SMMT Chief Executive, said,A record month in January is certainly a great start to 2017, and it is encouraging to see last year’s success in the domestic market continue. Double-digit growth in global demand for British-built engines is also welcome, highlighting the importance of international trade for this sector – and, critically, the need to maintain international competitiveness.January records began in 2010, the next highest volume for January was 231,525 in 2012.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) Strong start for British engine production in 2017, with output rising 12.0% to 235,076 units – the best January on record. 1UK demand continues to rise, with production for domestic market growing 6.0%.Double-digit growth for exports as global demand increases 16.5%. read more

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