Former executives of troubled lender wanted by Vietnam police

- Central Banking Newsdesk
- 30 Oct 2023

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Vietnam police issued arrest warrants for seven former executives of the Saigon Joint Stock Commercial Bank (SCB) over fraud and embezzlement charges, a year after the country’s central bank took control of the troubled lender.

The Ministry of Public Security said the suspects were linked to a case involving SCB, real estate conglomerate Van Thinh Phat Group and related units, according to a statement on its website released on October 29. It also called on the suspects to hand themselves in.

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