Hanoi prosecutes former central banker

  • WRITER: REUTERS

HANOI: Vietnamese police said on Friday they had charged a former central bank deputy governor with "lack of responsibility", as the country extends its corruption crackdown in the banking and energy sectors.

The scandal-hit state energy company PetroVietnam and the banking sector are at the heart of a sweeping high-level crackdown in the communist state that has already led to the dismissal of a politburo member and a vice-trade minister.

The Ministry of Public Security said in an online statement that it had prosecuted Dang Thanh Binh, 63, a former State Bank of Vietnam (SBV) deputy governor, for "lack of responsibility that leads to serious consequences".

The accusation came as police investigate an SBV monitoring team at Construction Bank, the former chairman of which was sentenced to 30 years in prison for illegally withdrawing around $400 million.

The loss-making Construction Bank was taken over by the central bank at no cost in 2015.

Police said they had also taken measures to ban Binh from leaving his home. They did not elaborate.

Earlier this month, the Government Inspectorate found faults in SBV including poor supervision of credit organisations and lack of effectiveness in preventing corruption, while last month a banking executive was arrested for alleged fraud.

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