Police in the southern province of Tra Vinh have arrested three Vietinbank officials for allegedly misappropriating more than VND2 billion (US$95,200), VnExpress reported Sunday.
The newswire quoted Le Thanh Dau, director of Tra Vinh's police division, as saying initial findings showed that Ngo Thi Thanh Van, vice director of Vietinbank Tra Vinh, and two of her subordinates faked documents to appropriate commissions on deposits.
VnExpress said on November 18 that police launched an investigation into the case, after inspectorate from the State Bank of Vietnam found that more than VND2 billion was paid to a middle-man.
But the person, whose identity wasn't revealed, said that he or she didn't sign any agreement, receive money or introduce anyone to deposit money at the branch.
The state bank's inspectors also found that many documents recorded commissions were paid two times for each deposit agreement, the newswire said.
Moreover, leaders of the branch have spent more than VND500 million ($23,800) from the salary fund to mobilize capital, but no documents were recorded, the inspectorate said.
In the meantime, while the bank branch announced an annual interest rate of 14 percent as regulated, its customers received more.
The case is being investigated.