An Australian court has fined a money transfer business $1m and imposed jail sentences on members of a cartel that fixed the Australian dollar and Vietnamese dong exchange rate.
It was the first time an Australian court had imposed jail time for such a crime, however federal court judge Wendy Abraham immediately released the four people – Van Ngoc Le, his son, Tony Le, Thi Huong Nguyen and Khai Van Tran – on good behaviour bonds.
