Finance firm exec jailed for blackmailing businesswoman in Vietnam

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Nguyen Anh Tuan, 45, stands trial in Ho Chi Minh City on February 23, 2016. Photo: Ngoc Le Nguyen Anh Tuan, 45, stands trial in Ho Chi Minh City on February 23, 2016. Photo: Ngoc Le

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A court in Ho Chi Minh City on Tuesday sentenced a man to a seven years in prison for blackmailing a businesswoman who ran a large energy company in the city. 
Nguyen Anh Tuan, 45, was found guilty of extorting VND1 billion (US$44,000) from Vu Thuy Hue, former chairwoman of PetroVietnam Energy Technological Corporation, in October 2014. The company, also known as PV EIC, is a member of the state-owned oil and gas group PetroVietnam.
According to the indictment, Tuan, a deputy CEO of a financial services company, threatened to have the media publish a series of articles about PV EIC's corporate scandals. 
In October 2014, a local newspaper posted an article about the company, which Tuan claimed was his doing. He said more scandals would be unveiled if Hue refused to pay. 
Hue, in an attempt to protect her reputation, transferred the money into Tuan’s bank account.
Police arrested Tuan a few days after the transaction.
Authorities said there is no evidence linking the published article to Tuan. 

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