Deputy Governor announced the reason for arresting OceanBank Chairman of the Board of Directors Ha Van Tham

The State Bank's inspection and supervision agency has given Mr. Ha Van Tham a deadline to correct his violations at OceanBank, but after this deadline, if the old violations have not been corrected, additional criminal violations have been discovered.

This information was announced by Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong at the regular Government press conference in October, which took place on the evening of October 29.

Regarding the arrest of Mr. Ha Van Tham - former Chairman of the Board of Directors of Ocean Commercial Joint Stock Bank, Minister and Head of the Government Office Nguyen Van Nen said that in the regular Government meeting in October, the case of Mr. Ha Van Tham's temporary detention was not discussed, but the Government listened to reports from relevant ministries and branches on the case.

The State Bank's inspection and supervision agency has given Mr. Tham time to remedy the consequences himself, but...

Explaining more clearly about Mr. Ha Van Tham's violations, Minister Nguyen Van Nen informed: Through the regular inspection and supervision activities of the State Bank (SBV) at OceanBank, SBV inspectors discovered that this bank had unusual signs. SBV inspectors informed Mr. Ha Van Tham of his violations.

The State Bank's inspection and supervision agency has set a specific deadline, requiring Mr. Tham to take measures to correct the violations and bring OceanBank back to better operations. However, after this deadline, Mr. Tham did not "correct the violations himself". Therefore, the investigation agency decided to detain him in accordance with the law.

Explaining further the reasons for Mr. Ha Van Tham's violations, Ms. Nguyen Thi Hong - Deputy Governor of the State Bank shared that during the process of monitoring and inspecting credit institutions in general and OceanBank in particular, the State Bank discovered some violations by Mr. Tham personally. The State Bank has requested OceanBank to correct the violations after the inspection through the restructuring plan of this bank.

"However, through restructuring, OceanBank has not yet corrected old violations, and criminal violations have arisen," said Ms. Hong.

Also related to the case, Minister Nen emphasized that the arrest of Mr. Ha Van Tham was carried out in accordance with the provisions of the law. "The Government's view on violations in the economic field must be very cautious. When it cannot be self-corrected, preventive measures must be used. The Government's view is not to criminalize economic crimes. Currently, the State Bank has transferred the case file to the investigation agency and we are waiting for the results from the investigation agency."

Previously, on October 24, 2014, the Investigation Police Agency - Ministry of Public Security (C46) executed an arrest and search warrant against Ha Van Tham (born in 1972) - Chairman of the Board of Directors of Ocean Commercial Joint Stock Bank (Oceanbank) for the crime of "Violating regulations on lending in the operations of credit institutions", stipulated in Article 179 of the Penal Code.

According to Infonet