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Australia's first-ever prison sentences imposed in Vina forex criminal-cartel prosecution (*update)

By Laurel Henning ( June 9, 2022, 03:37 GMT | Insight) -- An Australian criminal-cartel prosecution linked to family-run Vina Money Transfer has culminated with the company being hit with a $716,000 fine, with four of the five accused receiving suspended jail sentences. In an online court ruling today, Federal Court of Australia Judge Wendy Abraham handed down four prison sentences, with immediate release orders — meaning that none of the guilty individuals will spend time behind bars. It is the first time that individuals have been convicted under Australia’s 2009 criminal-cartel offenses. A fifth individual linked to Vina Money Transfer has decided to fight the charges, with a jury trial slated to start in August.Four individuals linked to two Vietnamese-Australian money-exchange businesses today became the first-ever individuals to receive prison sentences under Australia’s 2009 criminal-cartel offenses, marking a breakthrough for prosecutors and antitrust officials that had been pursuing the case....

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