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.
| 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. — File Photo |
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
