Vietnam arrests high-flying banking mogul:
HANOI - Vietnam police have arrested a top banking tycoon on suspicion of illegal business activities, the government said on Tuesday, sending ripples through financial markets in the communist state.
Nguyen Duc Kien, 48, a shareholder in some of Vietnam's largest financial institutions, was taken into custody late Monday after police raided his Hanoi home and seized documents.
"Kien was arrested for illegal business activities," according to an announcement posted on the government's official website.
Multi-millionaire Kien is one of the founders of Asia Commercial Bank (ACB), which issued a statement saying the arrest would not impact its performa...
Keep on reading: Vietnam arrests high-flying banking mogul
Nguyen Duc Kien, 48, a shareholder in some of Vietnam's largest financial institutions, was taken into custody late Monday after police raided his Hanoi home and seized documents.
"Kien was arrested for illegal business activities," according to an announcement posted on the government's official website.
Multi-millionaire Kien is one of the founders of Asia Commercial Bank (ACB), which issued a statement saying the arrest would not impact its performa...
Keep on reading: Vietnam arrests high-flying banking mogul
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