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Another Vinashin executive detained

Hanoi: Another senior executive from Vietnam Shipbuilding Industry Group (Vinashin) has been detained as investigations into the near bankrupt yard group continue. At the weekend To Nghiem, chairman of Vinashin's Cai Lan Shipbuilding Industry was detained. He was detained on charges of "deliberately acting against the state's regulations on economic management, causing serious consequences," local press reported. Nghiem, 51, was suspected of "appropriating state properties worth tens of billion of dong" when using secondhand equipment for a power plant project. [21/09/10]

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