Vietnam: OceanBank’s former leaders face life imprisonment and death penalty

Prosecutors have recommended a sentence of life imprisonment for Ha Van Tham, the former chairman of OceanBank and the death penalty for Nguyen Xuan Son, its former general director.

The two are being tried in one of the largest corruption cases in recent years, which also involves dozens of other bankers.

Both are charged with embezzlement, an abuse of power to appropriate assets and intentional violation of State economic management leading to serious consequences. Tham faces one more charge of breaching lending regulations.

Other defendants face sentences ranging from 18 months to 27 years in prison.

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Thailand ranks as the third-worst country in the world: New report on corruption

Thailand returned to the spotlight for the wrong reason again last week as a new report on corruption ranked it as the third-worst country in the world in terms of bribery after India and Vietnam.

The ranking by independent watchdog Transparency International (TI) is based on a survey conducted between July 2015 and January 2017 on 21,800 respondents in 16 countries and territories across the Asia-Pacific.

According to the report, many Thais admitted to paying bribes for basic services. Some 46% said they had bribed the police in the last 12 months while 35% admitted to bribing public schools, often to guarantee placements for their kids.

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Vietnam: Lawmakers to discuss amended AntiCorruption Law

Lawmakers convening today in Hà Nội for 14th session of the National’s Assembly’s Standing Committee are scheduled to discuss an amended Law on Corruption Prevention and Control, giving the State more leverage against officials suspected of corruption.

The revision of the 2005 Law on Anti-Corruption will provide for the formation of an independent office or agency to monitor major changes in assets or income declared by officials. It will be authorised to seek clarification of changes and check the veracity of officials’ answers.
The revised law will also be expanded to include social organisations and enterprises. Accordingly, all social organisations and enterprises will have to conduct internal anti-corruption measures.

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Seminar on Business Ethics and Integrity: Key to Sustainability in the Digital Economy - 3 October 2017

Seminar on Business Ethics and Integrity: Key to Sustainability in the Digital Economy to be held on 3 October 2017 in Malaysia. The seminar will share on:
  • Private sector perspectives & best practices in incorporating ethics & integrity to ensure business sustainability
  • Addressing challenges in ensuring integrity when exploring business opportunities in the digital economy
  • Importance of building trust in business
  • Dealing with ransomware threats and challenges

Sign up for Regional Business Integrity Pledge


Sign up for the Regional Integrity Pledge "Integrity Has No Borders" here to show your commitment to uphold ethical values at your company/organisation. The Pledge is open for companies, governments, civil society organisations and international agencies to sign up.

Malaysia: Petronas internal probe led to corruption find

It was an internal investigation into a Petronas Carigali Sdn Bhd (PCSB) senior official that revealed suspicions of graft, which led to his arrest by the Malaysian Anti-Corruption Commission (MACC).

The senior official and two others were arrested on Tuesday for suspected graft involving about RM20mil.

Petronas confirmed the arrests in a media statement on Wednesday, saying that it had reported the case to the MACC following its internal investigation of the employee.

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