Brief: CSC Holdings updates on judgment against ex-employee of Vietnam unit

CSC Holdings

12/04/2016 10:15

April 12 (Reuters) - CSC Holdings Ltd  CSCH.SI : 
 * Judgment against ex-employee of Vietnam subsidiary 
 * Trial has been concluded leading to the release of the written judgment by 
the Ho Chi Minh City people's court on 8 April 2016 
 * Vietnam court found the former employee guilty of fraudulent misappropriation 
of approximately vnd 12.75 billion (approximately s$ 0.78 million) from lmvn 
 * Appeals have been filed to the Vietnam court, by lmvn to seek full 
compensation of the misappropriation amount 
 * Amounts involved not expected to have any material impact on consolidated 
earnings per share for FY ended 31 March 2016 
 * Former employee was ordered to repay vnd 6.058 billion 
 * Former employee was sentenced to 12 years' imprisonment 
 
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