Money transfer business that was part of exchange rate-fixing cartel fined $1m
by Ben Butler from World news | The Guardian on (#605G3)
Cartel members given jail sentences in Australian first after colluding to fix dollar and Vietnamese dong exchange rate
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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.
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