The chairman and two deputy chairmen of ACB, one of Vietnam’s largest
banks, have resigned, the bank made the unexpected announcement today
afternoon.
Tran Xuan Gia, chairman of the
management board of Asia Commercial Joint Stock Bank or ACB, Le Vu Ky, deputy
chairman and Trinh Kim Quang, another deputy chairman resigned due to personal
and health matters, the bank said.
The bank added the three men are
involved in a ratification that empowered ex-CEO Ly Xuan Hai – who have been
arrested – to instruct 19 ACB employees to transfer VND718 billion from ACB
into Vietnam Joint Stock Commercial Bank for Industry and Trade or VietinBank.
Three persons have been appointed
to replace them.
Tran Hung Huy, deputy CEO and
member of the management board, have been elected new chairman of ACB.
Meanwhile, Julian Fong Loong
Choon and Luong Van Tu have been elected as deputy chairmen.
The replacement came just one day
after the announcement of the arrests of Tran Ngoc Thanh, director of ACB Hanoi
Investment Joint Stock Company, and Nguyen Thi Hai Yen, the company’s chief
accountant.
Together with the announcement of
the two arrests, the Ministry of Public Security yesterday said that one of
ACB’s co-founders - banking tycoon Nguyen Duc Kien - has been found guilty of
two more charges. Kien was arrested last month on charges of illegal trading.
His new charges are
“intentionally violating State regulations on economic management, causing
serious consequences” and “cheating to misappropriate other people's assets”.
ACB’s former general director Ly
Xuan Hai was also arrested last month for "intentionally violating State
regulations on economic management and causing serious consequences".
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