Kien’s arrest unsettles the market

Kien’s arrest unsettles the market

The arrest of banking tycoon Nguyen Duc Kien and speculation on other bankers’ departures saw the stock market almost suffer the worst week in the past four years.
How did Nguyen Duc Kien get rich with fake projects?

How did Nguyen Duc Kien get rich with fake projects? 1

Issuing corporate bonds and false business plans for real money from banks were the main illegal trading tactics of arrested banking mogul Nguyen Duc Kien, said a central police agency under the Ministry of Public Security.
Tycoon Kien’s family receive VND164 billion hit in share values

Tycoon Kien’s family receive VND164 billion hit in share values

The family of arrested of business, football and banking tycoon Nguyen Duc Kien took a VND164 billion ($7.8 million) hit to their share holding yesterday (August 21), as stock markets plummeted.