Inspectors from the Ministry of Public Security have placed 11 former officials of the state-owned Agribank under investigation for allegedly faking deposits to pocket over VND4.8 billion (US$229,800), a source told Thanh Nien Thursday.
Six of the officials from Agribank's branch in the southern province of Ba Ria Vung Tau have been taken into custody.
Nguyen Ngoc Khai, former acting director of the bank branch, and four others have been placed under house arrest.
According to initial information, on June 14 this year Agribank Vietnam allowed its branches to enjoy commissions on deposits their customers make.
The group of officials then used ID cards of their relatives to create 125 bank accounts with deposits totaling more than VND150 billion ($7.1 million). They are also accused of faking many people's signatures to certify documents showing that they had received the deposits and rake in more than VND4.8 billion in commission.
According to the source, Khai, who was found to have failed to sign the documents in accordance with regulations, was investigated on charges of "deliberately violating state regulations causing serious consequences."
Ten others, including leaders of the branch's credit office, are facing charges of abusing power to extort others' properties.
The case is being investigated further.