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Nov
23

Vietnam prosecutes bank officials in corruption crackdown

Vietnam prosecutes bank officials in corruption crackdownVietnam has prosecuted five former officials of the unlisted Dong A Bank for violating rules that “lead to serious consequences”, police said on Friday, part of a widening investigation involving the Ho Chi Minh City-based lender. Energy and banking firms are at the heart of a sweeping crackdown on corruption in the communist state, a campaign that made global headlines this year when Germany accused Vietnam of kidnapping a Vietnamese businessman in Berlin. The troubled, partly private Dong A Bank is among several lenders under scrutiny of the authorities who say they want to tackle corruption, including abuse of power and violation of lending rules.