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2013-08-02T00:00:00.000Z

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Wrong Nguyen Kien?

Mr. Nguyen Kien Duc

Chairman

Hanoi Football Club

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Hanoi Football Club

Background Information

Employment History

VCI-Legal

Deputy Chairman

Voice Peering Fabric

Affiliations

Founder
Asia Commercial Bank

Vice Chairman
The National Assembly Standing Committee

Vice Chairman
Vietnam Professional Football JSC

Vice Chairman of Cholon Tourist Service JSC, Board Member
Thien Minh Tourism JSC

Deputy Secretary of Party Committee
Soc Trang Province

Vice Chairman
Founding Council

Vice Chairman
ACB

Vice Chairman
NA Standing Committee

Vice Chairman
Nayarit

Web References (195 Total References)


Central bank injects cash into ACB after Kien’s arrest - Dailymaz.com

www.dailymaz.com [cached]

The central bank on Tuesday pumped trillions of Vietnam dong into Asia Commercial Bank (ACB) to help it cope with massive cash withdrawals after former ACB vice chairman Nguyen Duc Kien had been arrested the previous night.

...
The bank's tellers asked customers why they withdrew money and explained that the bank's business was as usual, unaffected by the police's arrest of Kien.
...
The 48-year-old Kien is in police custody on alleged charges of illegal business practices, regarding his alleged wrongdoings at three companies where he is serving as chairman, says the State Bank of Vietnam (SBV) in a statement.
The central bank said on its website that Kien is charged with committing illegal business practices under Article 159 of the Penal Code following complaints and denunciations against his violations at the three companies led by him, namely B&B Trade and Investment Joint-Stock Co., ACB Hanoi Investment Joint-Stock Co. and Asia Hanoi Financial Investment Co. Ltd.
"At present, Nguyen Duc Kien is having no managerial role in ACB," says the statement by the central bank to reassure the public. "Therefore, clients with deposits at ACB can put their mind at ease. SBV is closely monitoring the developments in the monetary market. In case of need, SBV is ready to provide liquidity support to ensure safety for the system."
Similarly, National Assembly vice chairwoman Nguyen Thi Kim Ngan said the arrest of Kien is not related to ACB operations.
...
ACB deputy general director Do Minh Toan told the Daily that police had summoned Hai on Tuesday to clarify the case of Kien. "We do not know whether Hai is arrested or not, except for the fact that he was summoned and has yet to return to the bank."
Another source said that an extraordinary meeting was held at ACB on Tuesday concerning this incident.
Kien was arrested at his home at 5 p.m. Monday.
The investigation police agency under the Ministry of Public Security filed criminal charges against Kien.
...
ACB deputy general director Toai stressed Kien's arrest had not affected the operations of the bank as Kien is not a major shareholder of the bank.
...
Speaking to the Daily, Toai said Kien was a founding shareholder of ACB but was now holding a stake of less than 5%.
...
In addition, Kien is no longer a member of ACB's board of directors, so his case will not affect the bank.
According to Toai, ACB does not have a duty to disclose information because Kien is not a major shareholder.
...
Apart from ACB, Kien has stakes in many other banks such as Kienlongbank, Eximbank, Dai A, and VietBank, so ACB is not the only one associated with Kien.
In addition to his ownership in many banks, Kien is also vice chairman of Cholon Tourist Service JSC, board member of Thien Minh Tourism JSC, chairman of Hanoi Football Club, and vice chairman of Vietnam Professional Football JSC (VPF).


Central bank injects cash into ACB after Kien’s arrest - Dailymaz.com

www.dailymaz.com [cached]

The central bank on Tuesday pumped trillions of Vietnam dong into Asia Commercial Bank (ACB) to help it cope with massive cash withdrawals after former ACB vice chairman Nguyen Duc Kien had been arrested the previous night.

...
The bank's tellers asked customers why they withdrew money and explained that the bank's business was as usual, unaffected by the police's arrest of Kien.
...
The 48-year-old Kien is in police custody on alleged charges of illegal business practices, regarding his alleged wrongdoings at three companies where he is serving as chairman, says the State Bank of Vietnam (SBV) in a statement.
The central bank said on its website that Kien is charged with committing illegal business practices under Article 159 of the Penal Code following complaints and denunciations against his violations at the three companies led by him, namely B&B Trade and Investment Joint-Stock Co., ACB Hanoi Investment Joint-Stock Co. and Asia Hanoi Financial Investment Co. Ltd.
"At present, Nguyen Duc Kien is having no managerial role in ACB," says the statement by the central bank to reassure the public. "Therefore, clients with deposits at ACB can put their mind at ease. SBV is closely monitoring the developments in the monetary market. In case of need, SBV is ready to provide liquidity support to ensure safety for the system."
Similarly, National Assembly vice chairwoman Nguyen Thi Kim Ngan said the arrest of Kien is not related to ACB operations.
...
ACB deputy general director Do Minh Toan told the Daily that police had summoned Hai on Tuesday to clarify the case of Kien. "We do not know whether Hai is arrested or not, except for the fact that he was summoned and has yet to return to the bank."
Another source said that an extraordinary meeting was held at ACB on Tuesday concerning this incident.
Kien was arrested at his home at 5 p.m. Monday.
The investigation police agency under the Ministry of Public Security filed criminal charges against Kien.
...
ACB deputy general director Toai stressed Kien's arrest had not affected the operations of the bank as Kien is not a major shareholder of the bank.
...
Speaking to the Daily, Toai said Kien was a founding shareholder of ACB but was now holding a stake of less than 5%.
...
In addition, Kien is no longer a member of ACB's board of directors, so his case will not affect the bank.
According to Toai, ACB does not have a duty to disclose information because Kien is not a major shareholder.
...
Apart from ACB, Kien has stakes in many other banks such as Kienlongbank, Eximbank, Dai A, and VietBank, so ACB is not the only one associated with Kien.
In addition to his ownership in many banks, Kien is also vice chairman of Cholon Tourist Service JSC, board member of Thien Minh Tourism JSC, chairman of Hanoi Football Club, and vice chairman of Vietnam Professional Football JSC (VPF).


The Supreme People - BAOMOI.COM

en.baomoi.com [cached]

Three estates of former vice chair of ACB Bank, Nguyen Duc Kien, who was sentenced to 30 years in prison for fraud, tax evasion, illegal trade, will be auctioned by the state to recoup the losses.


the top 100 richest people 2011 | New Vietnam Corporate Company Business Registration Incorporation Setup Formation in HCM City | Search Results

www.vnbusinessreg.com [cached]

Ranking 14th in thetop100 rich people on the stock exchange, Vice Chair of the Asia Commercial Bank (ACB) Nguyen Duc Kien is the owner of the Hanoi ACB FC. Kien is also the football boss that attracted public attention the most in 2011.


CSC Việt Nam - News

www.cscvietnam.com [cached]

However, news of the arrest of banking tycoon Nguyen Duc Kien the next day then sent the market into a nosedive.

Kien was a founding shareholder of Asia Commercial Bank (ACB), and the stock itself quickly lost almost 25 per cent of its value over the next five sessions, despite the fact that Kien has no longer played any major role in the management of the bank.
...
The arrests of ACB founder Nguyen Duc Kien and former chief Ly Xuan Hai led to a plunge in banking shares across-the-board and a run on deposits.

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