A deputy managing editor at the Hanoi-based Tien Phong newspaper was caught red-handed accepting VND220 million (US$11,284) in bribes in Ho Chi Minh City Wednesday, according to the police.
Under his pen name, Ha Phan, Phan Ha Binh and another reporter wrote a series covering ineffective projects implemented by the Tan Tao Group and Saigon Investment Group (SIG).
This series included a story which was unfavorable to SIG's Saigon-Tan Ky Cement Joint-stock Company.
After the story was published, Binh met with the company's leaders to ask for money, threatening that if they didn't agree to pay him, he would continue publishing more unfavorable stories.
The cement company agreed to pay Binh VND220 million.
He was arrested while receiving the money from a company representative at Nhat Ha Restaurant in District 5, Vietnamnet reported.
The investigation is still underway.