Vietnam Arrests 4 More Oil Execs In Corruption Crackdown

HANOI, Vietnam (AP) — Vietnamese police have arrested four more former senior oil executives for allegedly abusing their power to appropriate property as the communist authorities step up their crackdown on corruption. The arrests of the four who were former general directors or chief accountants of three subsidiaries of giant state energy firm PetroVietnam were made on Thursday, the Ministry of Public Security said in a statement. Police were widening their investigation into the case to retrieve property to the state, it said. The case involves Ocean joint stock bank, which gave $69 million in interest exceeding the rate set by the central bank to individuals and 400 companies and institutions including three subsidiaries of PetroVietnam. PetroVietnam and the banking sector have been the center of the government's toughest crackdown on corruption in years. Read more on NewsOK.com

Topics:  hanoi   vietnam ap     vietnamese   ministry   public security   police   ocean   read   newsok   petrovietnam   arrests   oil   corruption   crackdown   property   case   subsidiaries   state   bank   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News