Why was "Bau Kien" temporarily detained and his residence searched?

The Ministry of Public Security's Investigation Police Agency has issued a decision to prosecute and temporarily detain Mr. Nguyen Duc Kien for illegal business under Article 159 of the Penal Code, according to the decision to prosecute the criminal case No. 08/C46 (P10).

Regarding the information about the temporary detention of Mr. Nguyen Duc Kien, former Vice Chairman of the Board of Directors, Vice Chairman of the Founding Council of Asia Commercial Joint Stock Bank (ACB), on the morning of August 21, the Investigation Police Agency - Ministry of Public Security issued a written notice, affirming that Mr. Nguyen Duc Kien did not participate in the management and operation of Asia Commercial Joint Stock Bank (ACB).

The Ministry of Public Security’s Investigation Police Agency also affirmed: The decision to initiate criminal proceedings; to prosecute and temporarily detain suspects is a normal activity of the Investigation Agency. The temporary detention of Mr. Kien is only related to violations by 3 companies with complaints, with Mr. Nguyen Duc Kien as Chairman of the Board of Directors.

Mr. Nguyen Duc Kien -Former Vice Chairman of the Board of Directors, Vice Chairman of the Founding Council of ACB BankPhoto: VSI

The Ministry of Public Security's Investigation Police Agency said that, based on the complaint and denunciation of law violations occurring at 3 companies with Nguyen Duc Kien as Chairman of the Board of Directors: B&B Investment and Trade Joint Stock Company; ACB Hanoi Investment Joint Stock Company, Asia Hanoi Financial Investment Limited Company, on August 20, the Investigation Police Agency issued a decision to prosecute the accused, execute an order to temporarily detain Mr. Nguyen Duc Kien, for the crime of illegal business under Article 159 of the Penal Code, according to the decision to prosecute the criminal case No. 08/C46 (P10).

LikeSports & CultureIt was reported that last evening, Mr. Nguyen Duc Kien, Vice Chairman of the Board of Directors of Vietnam Professional Football Joint Stock Company - VPF, was arrested by the Ministry of Public Security's Investigation Police Agency to clarify the act of "intentionally violating" related to economic activities.

According toVnExpress, the search of Mr. Kien's private home in Tay Ho district took place on the evening of August 20. The police seized a number of documents to serve the investigation process. Source ofAdolescentThe search lasted for 3 hours, from 5:30 p.m. to 8:30 p.m. on August 20.

Mr. Kien, or often called "Bau Kien", was born in 1964, studied at the Military Technical University - Ministry of National Defense, then studied at the Zalkamatê Military Technical School, Hungary.

After 8 years working in the textile industry, he started investing in the banking sector and became Vice Chairman of the Board of Directors of ACB - one of the largest private banks in Vietnam - at the age of 30.

In 2010, in the list of 100 richest people in Vietnam, Mr. Kien's assets were estimated at 805 billion VND, corresponding to the number of ACB shares in his hands. The total number of ACB shares held by Mr. Kien's family by the end of 2010 was worth about 2,000 billion VND.

According to the 2010 prospectus of ACB Bank, Mr. Nguyen Duc Kien is no longer on the Board of Directors. However, he is said to be a “major shareholder” of many large banks.

In the field of sports, Mr. Nguyen Duc Kien is Vice Chairman of the Board of Directors of Vietnam Professional Football Joint Stock Company - VPF, and also Chairman of Hanoi Football Club, which successfully stayed in the last round of V-League 2012 season.

According toYouth, right before being arrested, at 3:00 p.m. on August 20 at the Hilton Hotel in Hanoi, "Mr. Kien" also had an interview with this newspaper's reporter, discussing many issues related to the summary of the 2012 season of Vietnamese football.

According to Thethaovanhoa - DT