Vu 'Nhom' and Tran Phuong Binh losing $8.8 million of Dong A BankThe investigation agency has determined that VND200 billion ($8.8 million) out of the VND600 billion ($26.4 million) Vu “Nhom” used to purchase Dong A Bank shares existed only on falsified documents by Tran Phuong Binh. At the end of 2013, Binh and Vu “Nhom” agreed that Vu would buy 60 million DAB shares with the total value of VND600 billion ($26.4 million). Then Vu “Nhom” bought 50 million DAB shares from four shareholders at the price of VND500 billion ($220 million). Thereby, Vu “Nhom” has to return VND200 billion ($8.8 million) to DAB, and relevant agencies will investigate and prosecute him later. Vu “Nhom” got $13.4 million from BinhAccording to newswire Tuoitre, Vu has changed his declaration.

Source: VietNamNet News April 06, 2018 07:07 UTC