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Vietnam bank tycoon gets 30 years

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HANOI - A Vietnamese court on Monday sentenced a disgraced banking tycoon to 30 years in jail over a multi-million dollar scandal that shocked the nation's already fragile financial markets. 

Disgraced Vietnamese banking tycoon Nguyen Duc Kien, shown in Hanoi in 2012, has been sentenced to 30 years in jail over a multi-million dollar scandal that shocked the nation's already fragile financial markets

Nguyen Duc Kien, 50, was found guilty of fraud, tax evasion, illegal trade and "deliberate wrongdoing causing serious consequences", according to the verdict read at the Hanoi People's Court.

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