​Vietnam’s Eximbank confirms ex-leader fled overseas after $10.8mn savings theft

Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has admitted that one of its former branch executives is on the run overseas after appropriating savings worth over US$10 million from a ‘VIP’ depositor. Rumors have been circulated online that Le Nguyen Hung, a former deputy director of the lender’s Ho Chi Minh City branch, used faked papers and forged authorization letters to steal VND245 billion ($10.79 million) from different savings books of a customer only known as B. Eximbank leaders on Thursday confirmed those allegations are true, adding that Hung has fled Vietnam. While it is clear that Hung committed a fraud, a lawsuit is needed to determine if B. could get her money back, Eximbank CEO Le Van Quyet told reporters in Ho Chi Minh City. Quyet explained that all the papers Hung used to make fraudulent transactions to appropriate the money were found with the authentic signature of B. The case should therefore be carefully investigated and Eximbank will follow any ruling given by the court, according to the CEO. As a ‘VIP’ customer, B. insisted that all transactions be made at her residence, instead of at the bank, according to Bui Thi Thien Tam, director of the Eximbank Ho Chi Minh City branch. The lender will normally send two to three employees to the customer’s home to conduct transactions of this kind, but B. had particularly requested that she worked with Hung only, Tam added. “B. once told Eximbank that she did not want to make contact… [Read full story]

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