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Home > Vietnam markets lose $5b after bankers' arrests

Vietnam markets lose $5b after bankers' arrests [1]

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Asia One
AFP/August 24, 2012

 

HANOI - Vietnam's stock markets have lost nearly US$4.0 billion (S$5.0 billion) in value after two top bankers were arrested this week in a widening police probe into the banking sector, state media said Friday.

 

Both the founder and former director general of Asia Commercial Bank were arrested this week for economic crimes, triggering a run on deposits and forcing the central bank to provide emergency liquidity to the institution.

To read the rest of this story, visit Business.AsiaOne.com. [2]

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[1] //soundofheart.org/galacticfreepress/content/vietnam-markets-lose-5b-after-bankers-arrests
[2] http://business.asiaone.com/Business/News/Story/A1Story20120824-367303.html
[3] //soundofheart.org/galacticfreepress/type-post/galactic-free-press/freedom-project