One more bank official seized in $240 mln swindle
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- 21 month(s) ago
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Another Vietinbank official in Ho Chi Minh City has been arrested in the alleged swindle of VND5 trillion (US$240 million) by faking loan documents and signatures.
Vo Anh Tuan, deputy head of the Nha Be branch of the Vietnam Joint Stock Commercial Bank for Industry and Trade – as the bank is known formally -- was taken in yesterday five days after Huynh Thi Huyen Nhu, 33, director of the Dien Bien Phu transaction office was arrested, the Investigation Police Agency said.
The two officials have been charged with “swindling to appropriate assets.”
They allegedly falsified documents, seals, and signatures, and falsely acted in the name of Vietinbank to sign deals with several securities and insurance companies.
They later asked their partners to transfer money to some designated accounts for executing the contracts and pocketed the money.
Among their victims were Saigonbank Beraya Securities Joint Stock Company, which had transferred more than VND200 billion ($9.6 million), and the Global Insurance Company, which had transferred over VND100 billion, Dau Tu Chung Khoan reported.
The two also allegedly counterfeited Vietinbank documents to offer deposit interest of 5-7 percent a month and pocketed thousands of billions of dong they mobilized in this manner.
The total amount of money they had appropriated amounted to around VND5 trillion, the investigation agency said.
The police are expanding their investigation.