Hanoi, Sept. 8 -- The Supreme People's Procuracy has issued an indictment against 16 defendants involved in embezzlement and abuse of power at the Saigon Jewellery Company (SJC).

The accused face the charges of "embezzlement of property" and "abuse of position and power while performing official duties" under Articles 353 and 356 of the Penal Code.

At the centre of the case is Le Thuy Hang, former General Director of SJC, who has been indicted on both counts. Investigators determined that through a series of fraudulent schemes, Hang unlawfully gained more than 71 billion VND (about 2.7 million USD) while causing losses of over 107.4 billion VND to state assets and the SJC.

Hang is accused of being the mastermind, directing subordinates...