Notorious ex-banker guilty of $666m lossVietNamNet Bridge – Police have concluded that ex-banker Pham Cong Danh caused additional losses of more than VND6 trillion (US$266 million) in the second stage investigation into his case, solidifying the investigation’s record as the biggest economic probe in Viet Nam’s history. Police have concluded that ex-banker Pham Cong Danh caused additional losses of more than VND6 trillion (US$266 million) in the second stage investigation into his case, solidifying the investigation’s record as the biggest economic probe in Viet Nam’s history. The police found that Danh and his underlings caused a total loss of more than VND6 trillion to the VNCB. Of which, the department so far collected more than VND5 trillion, accounting for about 40 per cent of the target. Doanh said that the police managed to seize a large amount of assets during its investigation into the case.

Source: VietNamNet News July 13, 2017 07:18 UTC