SBV approves new Construction Bank head
HAØ NOÄI The State Bank of Vieät Nam (SBV) has approved a new chairwoman and general director of the Vieät Nam Construction Bank (VNCB).
The decision follows the arrest and temporary detention of the bank's three former senior officials on July 29.
The new chaiworman is Vuõ Baïch Yeán, who has been a member of VNCB's executive board since February 2012 and is a major shareholder. Meanwhile, the bank's Deputy General Director Ñaøm Minh Ñöùc, who was in charge of the bank's operations in Haø Noäi, is the new general di- rector.
According to the Ministry of Public Security's Investigation Police Agency, the three former officials were arrested on Tuesday for allegedly violating Vieät Nam's Penal Code's Article 165.
The Article deals with deliberate acts against the State's regulations on economic management, leading to serious consequences.
The arrested persons are Phaïm Coâng Danh, 49, former chairman of VNCB; Phan Thaønh Mai, 43, former member of VNCB's executive board and general director; and Mai Höõu Khöông, 31, former member of VNCB's executive board, in charge of finance.
On Monday, a day before they were arrested, SBV announced that the three officials had been dismissed from VNCB's service to ensure normal operations of the bank.
VNCB was established from the Trust Bank in May 2013. The Trust Bank was in operation for 23 years with a charter capital of VNÑ3 trillion (US$142.85 million).
It's reported that Mai, Danh and Khöông were elected members of VNCB's executive board in February 2013. Then Mai was appointed as the bank's general director.
Danh was also Thieân Thanh Group Ltd Company's chairman of the board of directors.
Thieân Thanh Group Ltd Co is a subsidiary of the Thien Thanh Group, based in HCM City. Its businesses include construction materials, auto services, real estate, finance and hotels.
Meanwhile, Khöông was also chairman of the executive board of the Ñaïi Vieät Stock Company, while Mai was a member.
The case is being investigated further.