Vietnam state-owned bank officials to be charged with swindling $143,000

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Police in the southern province of Tra Vinh have recommended charges against 10 Vietinbank officials for allegedly faking documents to misappropriate over VND3 billion (US$143,450).

A former director of the state-owned bank's local branch, Ngo Cong Binh, and his deputy Ngo Thi Thanh Van are among those facing charges of "deliberately violating economic regulations causing serious consequences."

Binh, 52, and Van, 42, ordered their subordinates to fake 658 documents related to commissions on deposits, enabling the group to siphon off VND2.2 billion ($105,200).

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They also faked documents related to rewards offered by the bank to outstanding performers and expenses to pocket more money, the police said.

Besides, they stole interest worth VND736 million ($35,200) from one of the 60 accounts belonging to the state-owned Tra Vinh Lottery Company, the police added.

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