Vietnam arrests ex communications ministers for corruption

AFP  |  Hanoi 

Two former were arrested in Saturday for mismanaging public funds over their alleged roles overseeing the purchase of a loss-making TV firm that would have cost the state millions of dollars.

Their arrests come amid an unprecedented anti-corruption drive that echoes China's crackdown on graft.

Dozens of bankers, and officials have been jailed in since 2016 when the campaign took root. Some observers say the drive is politically motivated.

are accused of illegally approving the purchase of private television company (AVG) in 2015 by the state-run telecommunication firm

AVG and did not go through with the purchase in the end but officials said it would have caused $300 million worth of losses in state funds.

Son, who was from 2011 to 2016, was accused of signing off on the deal with support from Tuan -- his deputy at the time who took over as until he was fired in July last year.

The former of Cao and were both arrested in November and remain under investigation in connection to the AVG case.

is one of Asia's fastest growing economies, but has long been plagued by endemic corruption.

The country's has vowed to stamp out graft among party ranks, and several high-profile officials have been jailed under his watch.

ranks Vietnam 117 out of 180 countries on its corruption index, behind and the

The communist country will host a summit next week between US and North Korea's aimed at dismantling Pyongyang's nuclear program.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, February 23 2019. 17:35 IST