Vietnam’s top soft drinks tycoon, Tran Qui Thanh, has been sentenced to eight years in prison for a $40 million fraud case. Thanh, the 71-year-old chairman of beverage group Tan Hiep Phat, was found guilty of scamming investors over loans issued in 2019 and 2020. The court also sentenced his 43-year-old daughter, Tran Uyen Phuong, to four years in jail, and his 40-year-old daughter, Tran Ngoc Bich, to a suspended three-year jail sentence. Vietnam’s sweeping crackdown on corruption has seen more than 4,400 people charged with criminal offenses, including officials and senior business figures.