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Former chairman of Vietnamese retailer Saigon Co.op arrested for illegal capital mobilization

Thursday, December 17, 2020, 10:18 GMT+7
Diep Dung, former chairman of Vietnamese retailer Saigon Co.op. Photo: Tu Trung / Tuoi Tre
Police in Ho Chi Minh City have arrested the former chairman of Vietnamese retailer Saigon Co.op as part of their investigation into violations at the state-owned company.
Investigators of the municipal Department of Public Security on Wednesday arrested and initiated legal proceedings against Diep Dung for abuse of power while on duty.
Dung was chairman and Party secretary of Saigon Co.op, the operator of the Co.opmart supermarket chain, before being transferred to the Party Committee of Ho Chi Minh City Finance and Investment Company (HFIC) in September. ....

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