|Dai Viet Securities Company has recently been inundated with problems stemming from the investigations launched against its board members in cases involving financial fraud and customer losses. — Photo dantri
HA NOI (VNS) — Dai Viet Securities Company has recently been inundated with problems stemming from the investigations launched against its board members in cases involving financial fraud and customer losses.
Since July, the police have been investigating and arresting some of the company's board members, including Nguyen Quoc Vien, Mai Huu Khuong (chairman) and Phan Thanh Mai. Their financial regulation violations were linked to Viet Nam Construction Bank – the precursor of TrustBank and Thien Thanh Group – which operates in a range of sectors but focuses on real estate. The prosecuted businessmen held leadership positions in these entities.
In addition, two individual investors claimed that an official of Dai Viet Securities' Ha Noi branch stole their money in the accounts they opened in the branch last year. Both reported victims have not yet recovered their money.
Le Thi Uyen, one of the two investors, said that she contacted both Dai Viet Securities' general director and the police to handle the matter. However, the northern branch was closed on December 4, which meant that no redemption was made.
Uyen added that the authorities have yet to solve their cases.
The company's general director, Hoang Thi Tam, was unavailable for comment.
Meanwhile, the brokerage has incurred losses amounting to VND22 billion (over US$1 million) in the first nine months of this year. To date, the accumulated losses have reached VND198 billion ($9.3 million).
Dai Viet Securities was established in 2006. Its current charter capital is VND250 billion ($11.7 million). Its largest shareholders include TrustBank, Dai A Bank, beverage firm Sabeco and Southern Power Corporation. — VNS