Disgraced Vietnam bank tycoon hit with new charges [1]

HANOI - Vietnamese police said Tuesday they were pursuing more serious charges against one of the country's top banking tycoons, whose arrest last month sent a shockwave through the nation's financial markets.

Multi-millionaire Nguyen Duc Kien is now under investigation for "deliberate wrongdoing causing serious consequences" and "fraudulence", according to a statement from the Ministry of Public Security.