Inflating the value of torn money, bank officer 'pockets' 5 billion
As the treasurer of a foreign bank in Saigon, Loan spent 5 billion VND and then inflated the amount of torn money to compensate.
On July 10, Ho Chi Minh City Police completed the investigation and requested the same-level People's Procuracy to prosecute Ho Thi Cam Loan (34 years old) for the crime of Abuse of trust to appropriate property.
Loan is a transaction and treasury control specialist at HSBC Bank (100% foreign owned), working at Cong Hoa Transaction Office (Tan Binh District). She is in charge of all cash storage, revenue and expenditure management...
According to the investigation, taking advantage of managing a large amount of cash at the bank, from September 2013 to May 2015, Loan inflated the amount of torn money to replace it with intact money. The head of the treasury also declared the amount of money in stock lower than the actual fund and reported to the headquarters to "pocket" the difference... In total, Loan embezzled 5 billion VND.
After being discovered, Loan and her family sold the house and returned nearly 1.3 billion VND to HSBC Bank./.
According to VNE
