|Former director of Sai Gon branch of the Export Import Commercial Joint Stock Bank (Eximbank) has been temporarily arrested. — Photo dantri.com.vn
HCM CITY (VNS) — The public security ministry has ordered the temporary arrest of former director of the Sai Gon branch of the Export Import Commercial Joint Stock Bank (Eximbank) Huynh Thi Trinh.
Trinh is accused of alleged "violation of regulations in lending activities of credit institutions".
Police also prosecuted and took into custody Pham Duy Hien, 34, who is former vice-head of the bank's custom service unit, for further investigations.
In 2012, Trinh signed a loan contract worth more than VND100 billion (US$4.7 million) with Gia Phat Thanh Company, without asking for any collateral. Gia Phat Thanh is reportedly involved in a smuggling case too.
Trinh and Hien reportedly caused a huge loss to Eximbank Sai Gon. — VNS