Bankrupt Vietnam seafood firm execs charged in fraud scheme
The Ministry of Public Security police have asked prosecutors in Soc Trang Province to ratify charges against 27 suspects, including 25 bank officials, for allegedly orchestrating a loan scam involving a major seafood exporter that went bankrupt owing more than VND 1.6 trillion (USD 75 million, EUR 55 million).
Lam Minh Man, 34, chief accountant, and Trinh Thi Hong Phuong, 34, vice director of the privately-owned Phuong Nam Seafood Joint Stock Company have been arrested and face “fraud charges.”
The 25 bankers face charges of “violating loan regulations at credit organizations.”
The list of suspects includes executives and officers of the Soc Trang, Bac Lieu and Hau Giang provincial branches of LienVietPostBank, Vietnam Development Bank (VDB), Sacombank, Vietcombank and An Binh Bank.