Former executives of troubled lender wanted by Vietnam police
Central bank is looking for investors to acquire failed Saigon Commercial Bank
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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