OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Is it possible to apply positive + in favor Newton III Motion Law as a dynamic system in a motor engine
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptySat Mar 23, 2024 11:33 pm by globalturbo

» Meta 1 Coin Scam Update - Robert Dunlop Arrested
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptySat Mar 23, 2024 12:14 am by RamblerNash

» As We Navigate Debs Passing
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Jan 08, 2024 6:18 pm by Ponee

» 10/7 — Much More Dangerous & Diabolical Than Anyone Knows
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyThu Nov 02, 2023 8:30 pm by KennyL

» Sundays and Deb.....
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptySun Oct 01, 2023 9:11 pm by NanneeRose

» African Official Exposes Bill Gates’ Depopulation Agenda: ‘My Country Is Not Your Laboratory’
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyThu Sep 21, 2023 4:39 am by NanneeRose

» DEBS HEALTH
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptySun Sep 03, 2023 10:23 am by ANENRO

» Attorney Reveals the “Exculpatory” Evidence Jack Smith Possesses that Exonerates President Trump
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyTue Aug 29, 2023 10:48 am by ANENRO

» Update From Site Owner to Members & Guests
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyTue Aug 29, 2023 10:47 am by ANENRO

» New global internet censorship began today
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 21, 2023 9:25 am by NanneeRose

» Alienated from reality
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 4:29 pm by PurpleSkyz

» Why does Russia now believe that Covid-19 was a US-created bioweapon?
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 4:27 pm by PurpleSkyz

»  Man reports history of interaction with seemingly intelligent orbs
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 3:34 pm by PurpleSkyz

» Western reactions to the controversial Benin Bronzes
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 3:29 pm by PurpleSkyz

» India unveils first images from Moon mission
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 3:27 pm by PurpleSkyz

» Scientists achieve nuclear fusion net energy gain for second time
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 3:25 pm by PurpleSkyz

» Putin Signals 5G Ban
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 3:07 pm by PurpleSkyz

» “Texas Student Dies in Car Accident — Discovers Life after Death”
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 3:05 pm by PurpleSkyz

» The hidden history taught by secret societies
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 3:03 pm by PurpleSkyz

» Vaccines and SIDS (Crib Death)
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 3:00 pm by PurpleSkyz

» Sun blasts out highest-energy radiation ever recorded, raising questions for solar physics
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptyMon Aug 07, 2023 2:29 pm by PurpleSkyz

» Why you should be eating more porcini mushrooms
 Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien EmptySun Aug 06, 2023 10:38 am by PurpleSkyz


You are not connected. Please login or register

Vietnam Arrests Banking Tycoon, Bank Shares Fall Banking tycoon Nguyen Duc Kien

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

Vietnam Arrests Banking Tycoon, Bank Shares Fall
Banking tycoon Nguyen Duc Kien

Story reposted from Reuters.com

HANOI | Tue Aug 21, 2012 2:35am EDT

HANOI Aug 21 (Reuters) - Vietnamese police have arrested a banking tycoon and summoned another senior executive for questioning, state media said on Tuesday, reigniting concern over Vietnam's fragile banking industry. Nguyen Duc Kien, the well-known multimillionaire founder of Asia Commercial Joint Stock Bank, was accused of wrongdoing in connection with three private firms, state-run Vietnam Television quoted the Police Ministry as saying in a statement.
ACB is 15 percent owned by Standard Chartered Plc.

The charges, the ministry said, did not relate to business at ACB, one of Vietnam's largest banks. But shares in the Ho Chi Minh City-based bank tumbled nearly 7 percent, pushing the broader stock market index down nearly 5 percent.

Police also summoned a senior ACB executive for questioning on Tuesday, the official news website VNExpress reported.

The news rekindled concern over a banking industry strained by four years of high inflation, tumbling asset prices and ties to a state sector plagued by red ink, corruption and cronyism.
An ACB official declined to comment on the matter, noting that Kien holds less than 5 percent of ACB shares. Police Ministry officials were not immediately available.

Kien, 48, a public figure in Vietnam, is deputy chairman of the Vietnam Professional Football Joint Stock Co, which runs Vietnam's top-tier professional football league. He is also chief executive of Hanoi-based Asia Financial Group Joint Stock Co, ACB said in its annual report for 2011.
A National Assembly committee is scheduled to question State Bank of Vietnam Governor Nguyen Van Binh later on Tuesday over the banking sector's bad debt.

Stocks in other publicly listed banks such as Vietnam Export Import Commercial Joint Stock Bank (Eximbank) and Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) also fell. (Reporting by Ho Binh Minh; Editing by Jason Szep and Robert Birsel)
Posted by Greg Giles
Email ThisBlogThis!Share to TwitterShare to Facebook
http://www.ascensionearth2012.org/



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum