Overseas Vietnamese discovers bank official fled with his €400,000 deposit

Thanh Nien News

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File photo shows customers doing business transactions at the Agribank in Ho Chi Minh City. File photo shows customers doing business transactions at the Agribank in Ho Chi Minh City.

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A Vietnamese-French man who thought he had deposited €400,000 in a Ho Chi Minh-based bank in December recently discovered that his money has been misappropriated by a bank official.
Duong Thanh Nghi narrated his plight to the media after an Agribank branch in District 1 refused to let him withdraw his €400,000 (US$420,000), saying Nguyen Le Kieu Quang, a former head of a transaction office attached to the branch, had illegally mortgaged his deposit for a VND10.4 billion ($520,000) loan.
Quang had asked Nghi to sign some blank papers, claiming this would simplify certain bank procedures when the latter is abroad.
On January 30 Quang had fled with an even larger sum of money belonging to the bank -- VND 17 billion ($850,000) – and is facing criminal charges for embezzlement, Nghi was told.
He has to wait until authorities finish their investigation into the case to get his money, the bank told him.

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