Bank chairman on trial for power abuseVietNamNet Bridge – Seventeen former leaders of Mekong Housing Bank (MHB) and Mekong Housing Bank Securities Company (MHBS)-including former bank management board chairman Huynh Nam Dung-will be prosecuted for abuse of power and irresponsibility that led to serious consequences. Former chairman of Mekong Housing Bank’s management board Huynh Nam Dung will be prosecuted for abusing power, mismanaging State’s asset. The Public Security Ministry’s Investigation Police Department announced on Monday (Feb 6), day that they had finished investigations concerning power abuse at MHB, MHBS and other companies. Others involved include former director general Nguyen Phuoc Hoa, former vice director general Bui Thanh Hung, former chief accountant Nguyen Van Thanh, former MHBS General Director Lu Thi Thanh Binh and former MHBS vice general director Dang Van Hoa. In December 2006, MHB established MHBS, and the bank contributed 60 per cent of the charter capital of the securities company.

Source: VietNamNet News February 08, 2017 04:41 UTC