VietNamNet Bridge - Though they are in jail, businessmen who are billionaires still own huge assets and every move they make can affect the market.


{keywords}

Nguyen Duc Kien and his wife Dang Ngoc Lan




* In August 2012, Nguyen Duc Kien, former deputy chair of ACB, was arrested because of his wrongdoings in business activities related to three subsidiaries.

He was also the manager at many companies, including ACB Sports, Thien Nam, Choi Lon Tourism and A Chau Finance.

By the end of 2013, or one year after the arrest, Kien was still listed among the top 25 richest stock billionaires, while his family in the top 15. Kien and his wife reportedly owned total assets worth VND3.052 trillion by the end of 2018.

Kien said he was the major shareholder of Eximbank, the sponsor of V-League football championship. He also holds shares in Kien Long Bank, owns a lot of multi-billion dong cars and has a series of houses and villas in the central business districts in Hanoi.

Though they are in jail, businessmen who are billionaires still own huge assets and every move they make can affect the market.

Kien family’s members recently sold millions of Vietbank shares. Of these, Kien alone sold 6.61million shares.

* Ha Van Tham was the owner of many well-known brands – OceanGroup (real estate), OceanBank (banking), Ocean Hospitality (hotel), Trang Tien Ice Cream, Givral and OceanMart (retail).

Under his reign, OceanGroup became one of the private largest companies in the stock market with capitalization value of over VND10 trillion. In 2011, Tham became one of the 10 richest stock billionaires and found his name in the list for two more years.

In the real estate sector, OceanGroup has many famous projects, including VNT Tower Nguyen Trai, StarCity Le Van Luong, Starbowl Pham Ngoc Thach and StarCity Center.

In finance & banking, Tham and OceanGroup are big shareholders at OceanBank and OceanSecurities.

In addition, he directly or indirectly holds shares in Bao Ha, VNT Co Ltd, Ocean Media. He was also a member of the board of directors at Vinamilk and VS Industry Vietnam. With ownership in so many companies, analysts estimate that Tham could be the second biggest dollar billionaire of Vietnam, just after Pham Nhat Vuong.

* Besides the post of high ranking executive officer of GP Bank, Doan Van An was also chair and CEO of Ngoi Sao Chi Linh Golf Course JSC, and member of the board of directors of the Post & Telecommunication Equipment JSC.

In 2009-2010, to get money to increase the bank’s charter capital, An and Ta Ba Long issued 3,380 shares to EVN Finance under the names of three companies, collecting VND3.38 trillion.

Of this amount of money, VND2.611 trillion was used by An and Long’s group of shareholders to buys GP Bank’s shares.

Long used VND512.6 billion to pay interest on bonds. The remaining sum of VND255.7 billion was injected into business plans of three related businesses.


US$1=VND23,000


RELATED NEWS

How are the tycoons in mogul Kien’s bank case faring?

The ups and downs of banking tycoons


M. Ha