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Vietnam arrests former BIDV banker amid graft crackdown

Reuters  |  HANOI 

By Khanh Vu

HANOI (Reuters) - Police in have arrested a former of BIDV, a that has come under scrutiny from an anti-graft campaign in the communist-ruled country, the said on Thursday.

Doan Anh Sang, former of the bank, formally known as for Investment and Development of Vietnam, was accused of "violations of regulations on operations", the ministry said on its website. He is the latest in a series of former officials from the to have been arrested.

In a statement on Thursday, BIDV, one of Vietnam's largest listed banks, said Doan's arrest would not impact its "normal operations".

"always abides by the laws and is cooperating with the authorities in carrying out necessary legal proceedings," the bank said in the statement.

The bank's former chairman, was arrested in November, and according to the newspaper four other officials have also been arrested.

Sang's was not immediately available for comment.

Sang was removed from his position at the bank in August amid a larger investigation into wrongdoings at the bank, the report said.

(Reporting by Khanh Vu; Editing by Simon Cameron-Moore)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 11:38 IST
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