Huynh Quang Tuan, a member of the ACB board of directors, also faces the same charge, according to an indictment issued by the Supreme People’s Procuracy on January 27.
Earlier, seven other senior ACB officials had been arrested and face various charges.
Nguyen Duc Kien, co-founder and former vice chairman of ACB, was charged with four counts including illegal business operations, intentionally violating State regulations on economic management, fraud and tax evasion.
Former Director Tran Ngoc Thanh and chief accountant Nguyen Thi Hai Yen of the Hanoi ACB Investment Company were charged with fraud.
Former ACB Chairman Tran Xuan Gia, former Vice Chairmen Le Vu Ky and Trinh Kim Quang and former ACB Chief Executive Officer Ly Xuan Hai were all prosecuted for intentionally violating State’s regulations on economic management.
According to court documents, these ACB officials authorised their employees to deposit more than VND718 billion (US$34 million) with Vietinbank, which is an apparent breach of the law on credit institutions.
The violations by these defendants amount to an estimated loss of VND1,696 billion (US$80 million) for the State.
