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Kien’s arrest “a personal affair”: ACB leader
Yesterday’s surprising arrest of ACB’s founder and one of Vietnam’s most well-known tycoons Nguyen Duc Kien will not have any impact on the bank performance, said a senior leader of Asia Commercial Joint Stock Bank (ACB).
“It is a personal issue (of Kien),” said Nguyen Thanh Toai, deputy general director cum spokesman of ACB.
“Kien is no longer a major shareholder, nor a board member, and are not involved in the bank’s board of executives.”
"The detention of Kien is the decision of the authorities so it does not affect the normal operation of the bank," Toai stressed.
Toai told Tuoi Tre that since Kien is no longer a major shareholder, Kien is not obliged to disclose information about the ACB shares owned by him and his family members.
Kien is holding less than 5 percent of ACB shares, Toai said.
tuoi tre
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