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Update news mogul kien
Though they are in jail, businessmen who are billionaires still own huge assets and every move they make can affect the market.
VietNamNet Bridge - Sources say Standard Chartered Bank, a big foreign shareholder of the Asia Commercial Bank (ACB), is considering leaving ACB.
VietNamNet Bridge - Nguyen Duc Kien, or ‘mogul Kien,’ and Tram Be once had long arms in the banking sector. But not now.
Tran Xuan Gia was recognized by state management agencies as president of Asia Commercial Bank, but this was on paper only. The real influential figure was Nguyen Duc Kien, dubbed “Mogul Kien”, who has been prosecuted for his economic crimes.
After nearly one year of investigation, the Ministry of Public Security has completed the investigation conclusions and proposed to prosecute tycoon Nguyen Duc Kien, former Vice Chairman and founder of ACB and seven others on four charges.