Economic Crime and Corruption Investigation Agency under the Ministry of Public Security last night decided to prosecute and hold in custody seven former leaders of Dai Tin Bank, which has been renamed Vietnam Construction Bank (VNCB).
The offenders have been prosecuted for breaking loan regulations in operations of credit institutions and deliberately violating state regulations on economic management causing severe consequences.
Among the prosecuted is Hoang Van Toan, former chairman of the board of directors of Dai Tin Bank and Tran Son Nam, former director general.
The seven offenders were transferred to Hanoi for investigation during the night.
At the first instance court of the corruption case at VNCB last year, the jury board of the HCMC People’s Court announced legal proceedings against the credit council at Dai Tin Bank including Hoang Van Toan and other members for violations in approving credit documents of Dai Hoang Phuong and Thinh Quoc companies.
The wrongdoings caused the VNCB a total damage of nearly VND471 billion (US$20.82 million).