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51 bankers, businessmen on trial in Vietnam for fraud

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Former Ocean Bank chairman Ha Van Tham, 44, is accused of illegally approving loans worth US$23 million in 2012.

Hanoi

A FORMER banking magnate and 50 others went on trial in Vietnam on Monday over a multi-million dollar fraud at a major private bank, as the communist nation cracks down on corruption in the sector.

Authorities have vowed to clean up an industry plagued by favouritism and...

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