Vietnam bank tycoon in police custody for lending violation probe The chairman of a Hanoi-based bank was detained Friday as part of an ongoing probe into allegations that he had violated lending regulations.  Ha Van Tham, Chairman of Ocean Bank, was arrested Friday pending investigations into lending violations. Photo credit: Ocean Bank Police from the Ministry of Public Security have detained Ha Van Tham, Chairman of Ocean Bank, for four months while they looked into the charges against him, a ministry official told Thanh Nien Friday afternoon. Earlier on the same day, the State Bank of "Through investigation, the State Bank of “The State Bank of Before being arrested, Tham, a Doctor of Business Administration from US-based Paramount University of Technology, had been Chairman of Ocean Bank since 2007. Besides, the Hanoi-based businessman had been Chairman of property developer Ocean Group and hotel Ocean Group holds a 20 percent stake in Ocean Bank and more than 75 percent in Ocean Hostapility, Ocean Securities, Ocean Media, Ocean Retail, and commodity exchange INFO, the group says on its website. Tham had earned many national titles including “Outstanding Vietnamese Businessman” in 2009 and “the 2011 Red Star Award” – which honors outstanding young entrepreneurs. As Tham had been removed from his post, Ocean Bank general director Nguyen Minh Thu was voted as new chairman by the lender’s board of directors, the central bank said. Ocean Bank’s business is unaffected by this case, it added. Ocean Bank, headquartered in It posted a pre-tax profit of VND232 billion ($10.9 million) last year. |
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