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Former CEO, chairman of Vietnam commercial bank arrested in lending scandal

Friday, January 30, 2015, 16:49 GMT+7

Police from the Ministry of Public Security on Wednesday arrested Nguyen Minh Thu, former general director of the Dai Duong Commercial Joint Stock Bank (Ocean Bank), for her alleged involvement in an unlawful lending instance uncovered at the bank late last year.

The arrest of Thu, 42, is the next step in an investigation into the "violation of regulations on the lending activities of credit institutions" occurring at Hanoi-based Ocean Bank, according to police.

Thu had been the chief executive officer of Ocean Bank and a member of the bank’s board of directors since 2011.

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