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VietNamNews

Former Vinalines boss under arrest following manhunt

Update: September, 06/2012 - 10:00

HA NOI — Former director of Viet Nam Maritime Department Duong Chi Dung was arrested on Tuesday following an international manhunt that lasted several months, according to police.

Dung, also former chairman of Viet Nam National Shipping Lines (Vinalines), has been charged with "intentionally violating State regulations on economic management, causing serious consequences" during his time at the loss-making company.

He had been on the run since May 17 when an indictment and arrest warrant were issued for him, before finally being captured by the police on Tuesday.

Earlier in July, police arrested six other people suspected of conspiring with Dung.

Under his leadership, a number of violations were made at the State-owned logistics company from 2007-10. One blunder related to the purchase and repair of Floating Dock 83M. The initial cost was pegged at US$14.13 million but later skyrocketed to $24.3 million.

Originally built in 1965, it did not meet licensing or registration requirements and has been unsuitable for use for years.

Dung, 55, was promoted to head of the Viet Nam Maritime Department in February.

At yesterday's press conference following the Government's cabinet meeting, head of the Government Office Vu Duc Dam said the Prime Minister had closely followed the case and called on those who assisted Dung to give themselves up. — VNS

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