Banking tycoon faces new charges
HA NOI (VNS)— Former vice chairman of the founding council of Asia Commercial Commercial Bank (ACB) Nguyen Duc Kien is to face fresh criminal charges following police investigations.
The Ministry of Public Security's Investigation Police Department yesterday said it had updated its prosecution decision against Kien to include the new charge of committing a crime of appropriating property through swindling in accordance with Article 139 of the Penal Code.
Kien was arrested on August 20 on the grounds of conducting business illegally under Article 159 of the Penal Code.
In a separate case relating to Kien, the Investigation Police Unit decided to prosecute him for deliberately acting against the State's regulations on economic management, causing serious consequences under Article 165 of the Penal Code.
As part of this investigation, the police also decided to prosecute Tran Ngoc Thanh and Nguyen Thi Hai Yen, director and chief accountant of ACB Ha Noi Investment Company respectively, as Kien's accomplices.
Before the arrest, Kien was widely known as a banking tycoon and sports identity. — VNS