The Ministry of Public Security arrested three former senior officials at the Vietnam Bank for Construction (VNBC) for criminal investigation late Tuesday, a source told Thanh Nien.
Pham Cong Danh, 49, former chairman of VNBC, Phan Thanh Mai, 43, the bank’s former general director and Mai Huu Khuong, 31, former board member of the bank, are facing charges of deliberately violating state’s economic regulations, causing serious consequences, the source said.
Preliminary investigation found the arrestees using a saving book of the Tan Hiep Phat Group to deposit for 39 loans at VNBC and making transactions without signature of the account's holders for personal gains.
The ploy involves more than VND6.6 trillion (US$311 million), the source said.
Danh was dismissed from the bank’s chairman position on July 28, before police announced the arrest, VnExpress reported.
Phan Thanh Mai, 43, former general director of VNBC, was arrested on July 29
Danh is also chairman of Ho Chi Minh City-based Thien Thanh Group, which supplies construction materials and interior decoration accessories for major projects in the country.
The State Bank of Vietnam (SBV), which has supervised VNBC since 2012, announced that the arrests would not affect the bank's operation.
VNBC was set up from the Trust Bank in May 2013. Trust Bank had 23 years operation with a capital of VND3 trillion and total asset of more than VND28 trillion.
Mai used to be general secretary of the Vietnam Construction Association.
Police are investigating the case further.