The Ho Chi Minh City police have arrested an employee of state-owned lender Agribank for allegedly embezzling VND21 billion (US$1 million) from the bank for gambling.
Nguyen Thanh Nhan, 32, deputy marketing head of the bank's Binh Thanh District branch, reportedly stole money regularly since January from the bank's ATMs. He had been assigned to supervise refilling of ATMs in the district.
The fraud continued until a surprise check last Monday turned up the huge loss at four ATMs.
Nhan confessed to the police that he used the money to bet on soccer games and cockfights in Cambodia.
They are investigating further.
Agribank employees have been convicted in several major embezzlement cases recently.
On July 17 a court in Binh Dinh Province in south-central Vietnam handed a life sentence to a local Agribank teller for stealing nearly VND20 billion (US$960,000) from his bank to finance his gambling habit. He had faked documents and forged the signatures of 20 customers between 2008 and 2011 to pocket the money.
That came just 15 days after a court in Hanoi handed death and life sentences to three Agribank employees for embezzling more than VND45.8 billion (US$2.18 million). It was the first ever death sentence awarded in Hanoi for embezzlement.
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