Drug maker chairman arrested for manipulating share prices

Chairman and general director of a listed drug maker was arrested for manipulating share prices, police said on Friday.

Le Van Dung

Le Van Dung, chairman and general director of the drug marker Vien Dong (DVD) listed on the Ho Chi Minh City stock market violated the Law of Trading Securities, according to police.

The State Securities Commission asked the company to announce the issue to its shareholders within 24 hours.

The HCMC-based pharmacy maker earlier was fined VND50 million (US$2,500) for not buying shareholdings in Ha Tay Pharmaceutical JSC (DHT) as it registered to the commission.

According to the HCM City stock exchange, Dung was the 60th of the 100 richest investors on Vietnam stock market last year with the total assessment  of VND240 billion (US$12 million).

 

By staff writers – Translated by Hai Mien

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