Eximbank trying to recover meagre reputation

June 27, 2018 | 17:17
Eximbank has just compensated Chu Thi Binh for VND93 billion ($4.1 million). Binh was swindled out of VND245 billion ($10.8 million) early last year. The remaining amount will be paid back after the final conclusions of the authorities.
eximbank trying to recover meagre reputation
Chu Thi Binh at yesterday's media conference. Source: VnExpress

Yesterday (June 26), Eximbank’s representative told media that the bank and client Chu Thi Binh discussed and agreed on a solution on compensation based on information from the investigation agency (C44), while waiting for the final conclusions.

Thus, Eximbank has returned VND93 billion ($4.1 million) to Binh and she has deposited the entire amount at the bank’s Ho Chi Minh City branch. The amount is divided into three savings books with the terms of three, six, and nine months.

After the final conclusions of the investigation agency, Eximbank will pay back the remaining $6.7 million. “This was one of several incidents for Eximbank in recent years. We have to carefully evaluate the responsibilities of each sideand this decision on compensation was approved by the bank’s board of management,” added Eximbank’s representative.

This deal does not affect to the proceedings of the case. The two parties agreed to abide by the sentence of the court and Eximbank hopes to consolidate its reputation.

vnexpress.net cited lawyer Phan Trung Hoai, the representative of Chu Thi Binh, that Binh highly appreciated the goodwill of Eximbank to overcome this incident. This also clarifies the solidarity between her and Le Nguyen Hung, former deputy director of Eximbank’s Ho Chi Minh City branch.

Two officers of Eximbank’s Ho Chi Minh City branch were arrested on account of this appropriation. Eximbank revealed that one of them has been bailed, and the other is applying to the authorities for bail.

Between 2013 and 2016, Chu Thi Binh opened three savings books with the total original amount of more than VND301 billion ($13.3 million). In February 2017, she asked the bank to withdraw a book of VND49 billion ($2.16 million), but was told that her money had been withdrawn already.

VND245 billion ($10.8 million) of her savings on the three savings books had been withdrawn, while Binh held the books. The investigation agency was doubtful that Le Nguyen Hung, former deputy director of the branch, had forged documents to withdraw the money from her savings books, but he left the country.

By Nguyen Huong

What the stars mean:

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