Interpol warrant out for ex-head of troubled Vietnam shipping firm

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Interpol has put out an international warrant for Vietnam Maritime Administration director Duong Chi Dung, who went into hiding following accusations of financial wrongdoing when he was the head of state shipping firm Vinalines.

Tuoi Tre reported Friday the warrant stated that Dung had, as chairman of Vinalines, deliberately violated Vietnamese government regulations on investment and bids since 2008.

The 55-year-old's actions caused serious consequences for which the maximum penalty is life in prison, the warrant said.

Dung appointment as head of the Vietnam Maritime Administration last February was "hasty," Minister of Transport Dinh La Thang admitted recently.

He has been sought by the Vietnamese police since last month after state investigators decided to detain him for violations like buying old ships and using them inefficiently.

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Two other Vinalines executives Mai Van Phuc, former general director, and Tran Huu Chieu, former deputy general director have been in detention since May 18.

A government report earlier this month said Vinalines is in a "very difficult" financial situation, with debts topping VND43 trillion (more than US$2 billion), Tuoi Tre reported.

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