The Investigationg Police Bureau on Economic and Corruption-related Crimes under Ministry of Public Security has decided to detain and initiate criminal proceedings against Nguyen Thi Kim Xuyen, Dong A Joint Stock Commercial Bank former deputy general director.

Xuyen, 59, living in HCM City, is also member of the bank’s management board and is accused of “abusing trust to appropriate properties” and “deliberately violating State regulations on economic management, causing serious consequences”.

In September 2015, she was suspended from her post for allegedly directing her staff to create fake loans so she could steal from the bank.

She also lent money for the wrong purposes and process, causing total damages of more than VNĐ350 billion (US$15.6 million) to the bank.

Three people, reported to assist Xuyến in conducting illegal activities, were also investigated for “deliberately violating State regulations on economic management, causing serious consequences”.

They are Nguyen Duc Tai, 49, former director of Đông Á Bank’s operation centre; Nguyen Van Thuan, 58, the centre’s former deputy director; and Tran The Hung, 56, the centre’s treasurer.

In late 2016, the bank’s general director Tran Phuong Binh and its former deputy general director Nguyen Thi Ngoc Van were prosecuted for deliberately violating State regulations on economic management, causing serious consequences, and violating lending regulations of credit institutions. The case is ongoing. 

VNS