Three OceanBank officers wanted for alleged fraud

Monday, 2017-09-18 21:32:55
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The Hai Phong branch of OceanBank
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NDO - The Ministry of Police has issued a warrant of arrest for three officers of the private lender OceanBank’s Hai Phong branch for their involvement in an alleged fraud that caused total losses of VND400 billion (US$17.6 million) from its clients.

>> Director of OceanBank’s Hai Phong branch prosecuted for alleged fraud

The wanted persons include the branch’s director Trinh Thi Kim Chi, controller Le Vuong Hoang and Nguyen Thi Minh Hue, all of whom have permanent residence in Hai Phong.

In late August and early September, more than 20 customers went to OceanBank Hai Phong to withdraw money from their savings accounts, but were told that their accounts were not on the bank’s database.

OceanBank later held several dialogues with the affected customers and urged them to remain calm and cooperate with the investigation concerning the alleged fraud.

In a public statement, OceanBank said that it discovered numerous signs of violations in mobilising funds at the Hai Phong branch, as there were discrepancies between information on a number of savings cards and data on the lender’s core system.

The bank later tried to contact Chi, Hoang and Hue, who had been absent for days, but to no avail. The three officers are determined to have fled.

Internal investigations suggest that the fraud started in 2012.

The incident was then reported to the Ministry of Public Security and the State Bank of Vietnam.

In the meantime, OceanBank has been requested by the investigative agency to keep the relevant data unchanged and suspend all transactions on savings cards that may have been faked until further notice.