More officials arrested in southern Vietnam bank scam

TN News

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Police in the southern province of Tra Vinh on Tuesday arrested another two officials from a Vietinbank branch for allegedly misappropriating some VND2.2 billion (US$95,200), Vietnam News Agency reported.

Lam Hoang Phong, vice director of Vietinbank Tra Vinh, and Nguyen Thi Phuong Thao, an accountant, were among the six officials to be taken into custody since last month, the news agency said.

According to police's initial findings, Phong together with Ngo Thi Thanh Van, another vice director, signed many fake contracts and ordered their subordinates to fake documents to steal the bank's money.

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It is estimated that more than 600 contracts and documents related to commissions on deposits were faked, allowing the group to illegally take some VND2.2 billion in commissions, the source quoted police as saying.

Nguyen Cong Binh, director of the bank, was also among the suspects.

The case is being investigated.

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