Vietnamese police have detained three top executives of Ho Chi - TopicsExpress



          

Vietnamese police have detained three top executives of Ho Chi Minh City-based Thien Thanh Group Co., Ltd. – one of them is the ex-leader of the Vietnam Construction Bank – for committing economic offences at the group. Pham Cong Danh, 49, chairman of the board of members of Thien Thanh Group, a large construction and real estate group in Vietnam, was arrested on Tuesday, police said. Danh is also the former chairman of the management board of the Vietnam Construction Bank (VNCB). Police also arrested Phan Thanh Mai, 43, an ex-member of the board of members and general director of Thien Thanh, and Mai Huu Khuong, 31, an ex-member of the same board of members who was in charge of the financial activities of the group. Police said they have commenced legal proceedings against the three men on charges of “deliberately acting against the State’s regulations on economic management, causing serious consequences,” pursuant to Article 165 of the Penal Code. Danh is a major shareholder of the VNCB while Mai is the bank’s former general director and Khuong is ex-manager of the Ho Chi Minh City Branch of the lender. Police also searched the three men’s houses and their offices at Thien Thanh Group and the VNCB on Tuesday. Before their arrest, the management board of the VNCB issued decisions to remove Danh, Mai and Khuong from their posts on July 28 in order to ensure the bank’s stable and secure activities, said the State Bank of Vietnam (SBV). The VNCB has also elected new personnel to fill their positions. Since 2012 the VNCB has operated under the close supervision of a team set up by the SBV. The SBV affirmed that the arrest of the three men will not affect the VNCB’s normal operations. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Posted on: Thu, 31 Jul 2014 08:32:57 +0000

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