A client makes transaction at Dong A Bank's headquarters in HCM City (Photo: VNA)

Ho Chi Minh City (VNA) – The economic and anti-corruption police force said it has issued decisions on the arrest and prosecution of Nguyen Thi Kim Xuyen, former Deputy Director General of Dong A Bank on the charges of appropriating assets and intentionally violating State regulations on economic management causing serious consequences.

Xuyen, 59, was suspended from her posts as Deputy Director General and member of the Board of Directors of Dong A Bank in September 2015. She was alleged to have abused her positions to instruct employees to falsely close many loans in order to appropriate money from the bank.

In addition, Xuyen also approved many loans in violations of regulations on lending procedures and purposes.

In total, she caused losses amounting to over 350 billion VND (15.4 million USD) to Dong A Bank.

Besides Xuyen, three other employees of the bank were also prosecuted for intentionally violating State regulations on economic management causing serious consequences. They were alleged to have assisted Xuyen in her wrongdoings.

Earlier, at the end of 2015, two executives of Dong A Bank were prosecuted on the charges of intentionally violating State regulations on economic management causing serious consequences and violating regulations on lending of credit institutions. They were former Director General Tran Phuong Binh and former Deputy Director General Nguyen Thi Ngoc Van.-VNA