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).


More officials arrested in southern Vietnam bank scam

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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