On October 30, the Investigation Police Agency of Quang Nam Province Police announced that it had prosecuted and temporarily detained Vo Duc Bay - former Deputy Director of Viet A Bank, Hoi An branch, for the crime of "abuse of trust, appropriation of property", stipulated in Article 175 of the 2015 Penal Code.
Initial information, from 2014 to 2016, Vo Duc Bay (born in 1965, residing in Hoa Cuong ward, Hai Chau district, Da Nang city) - Deputy Director of Viet A Bank, Hoi An branch, borrowed from many people with an amount of more than 50 billion VND.
Unable to pay, Mr. Bay and his wife sold their house in Da Nang city and fled the area.
Following the clues, the police discovered Mr. Vo Duc Bay hiding in Binh Phuoc province, a remote area near the Cambodian border, and made an emergency arrest. Through the struggle, Mr. Vo Duc Bay confessed to all his crimes.
The case is still under investigation by the police.
