DongA Bank’s former top officials to be prosecuted

December 13, 2016 | 08:26

(0) user say

The public security ministry’s police investigation agency has decided to prosecute two former top officials of the HCM City-based Đông Á Bank (DongA Bank), it officially announced today.

DongA Bank’s former top officials to be prosecuted, social news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, Vietnam net news, Vietnam latest news, vn news, Vietnam breaking news

Former Director General of DongA Bank Tran Phuong Binh.

Former director general of the bank Tran Phuong Binh, 57, and former deputy director general Nguyen Thi Ngoc Van, 46, will be prosecuted for deliberately violating State regulations on economic management, causing serious consequences, and violating lending regulations of credit institutions, under the Penal Code.

Binh and Van have been arrested and are under temporary detention pending further investigations, the agency said.

The police have also arrested and decided to prosecute three other bank staffers for deliberately violating State regulations on economic management, causing serious consequences.

Following the arrests, the board of directors and management board of Dong A Bank last Saturday made an official announcement on the bank’s website that all five employees had been dismissed in August, 2015, after the bank was put under special observation for suspected illegal activities.

Their arrests and prosecution have not affected operations, the bank said.

In August, 2015, the State Bank of Viet Nam picked two outsiders to serve as chairman and CEO of Dong A Bank, to help the bank clear any potential hurdles.

VNS

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional