Former Deputy General Director of Dong A Bank arrested

The Police Department for Investigation of Economic Crimes and Corruption has just issued decisions to prosecute and temporarily detain Ms. Nguyen Thi Kim Xuyen, former Deputy General Director of Dong A Commercial Joint Stock Bank.

DongA Bank's Board of Directors presented flowers to congratulate Ms. Nguyen Thi Kim Xuyen (middle) on being elected as a member of the Board of Directors in 2014.

On April 23, the leader of the Department of Investigation Police on Economic Crimes and Corruption (C46), Ministry of Public Security, said that this agency has issued a decision to prosecute and temporarily detain Ms. Nguyen Thi Kim Xuyen, former Deputy General Director of Dong A Bank.

Ms. Xuyen was prosecuted for abuse of power to appropriate property and intentionally violating state regulations on economic management, causing serious consequences.

In addition, three other former officials of Dong A Bank were also prosecuted for intentionally violating state regulations causing serious consequences, including:

- Nguyen Duc Tai (former director of Dong A Bank transaction office in Ho Chi Minh City) has been temporarily detained;

- Nguyen Van Thuan (former deputy director of DongA Bank transaction office, Ho Chi Minh City)

- Tran The Hung (former cashier of Dong A Bank Transaction Office in Ho Chi Minh City) is banned from leaving his place of residence.

Information shows that Ms. Xuyen has been a member of the Board of Directors and Deputy General Director of Dong A Bank since 1997.

In September 2015, she was suspended from her position after the State Bank announced the inspection conclusion and decided to put the bank under special control.

C46 determined that Ms. Xuyen had lost 350 billion VND through unusual transactions. Among them, some of the conclusions were that Ms. Xuyen and her subordinates had "magically" appropriated a loan of 150 billion VND and used the remaining 200 billion for the wrong purpose, leading to the inability to recover.

Previously, a number of former leaders of this bank, including former general director of Dong A Bank Tran Phuong Binh and a colleague of Ms. Xuyen, were prosecuted for intentionally violating state regulations on economic management causing serious consequences and violating regulations on lending in the operations of credit institutions.

According to Tuoi Tre