trending Market Intelligence /marketintelligence/en/news-insights/trending/gchgol8df6yvh00yyvsuzw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Former OceanBank chairman to face charges over lending violations, US$68M of losses

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Former OceanBank chairman to face charges over lending violations, US$68M of losses

Former OceanCommercial One Member Limited Liability Bank, or OceanBank,chairman Ha Van Tham is set to face charges after the completion of a two-yearprobe into lending violations linked to US$68 million worth of losses at thebank, VnExpress Internationalreported Oct. 7.

Investigators concluded that Tham "caused seriousdamages to the[private sector bank] and adverse effects to monetary policies" when heapproved a loan of 500 billion Vietnamese dong to a real estate firm withoutcollateral security in 2012.

Police said that the former executive also offereddepositors interest rates that were above the government's allowable rate,leading to a loss of nearly 990 billion dong, the publication added.

Tham was arrested in 2014 on suspicion of lending fraud.

Vietnamese authorities proposed similar charges for 16 otherexecutives of the bank.

As of Oct. 7, US$1 wasequivalent to 22,305 Vietnamese dong.