Oudomxay Court Sentences Officials to Life and Eight Years for Major Embezzlement

On 13 June, the Oudomxay Legal Courtroom handed jail sentences to 2 former civil servants for his or her involvement in a corruption case value LAK 10 billion (USD 454,935).

Khanthaly, the Former Director of the Microfinance Establishment of Oudomxay Province, acquired a life imprisonment sentence. In the meantime, Phonevilay was sentenced to eight years and 6 months in jail. Each admitted to their crimes, which included facilitating cash laundering by way of banks and manipulating individuals’s funds.

Khanthaly confessed to embezzling funds from residents’ financial institution accounts by creating pretend mortgage paperwork. The stolen cash, totaling LAK 8 billion (round USD 363,948.00), was used for unlawful playing, together with on-line video games and shopping for unlawful lottery tickets.

Along with embezzlement, Phonevilay averted taxes and satisfied 12 different authorities officers to take part within the fraud, which defrauded a further LAK 720 million (roughly USD 32,755), as Lao Safety Information reported. Thus far, solely LAK 47 million (USD 2,138) has been recovered and returned to the federal government.