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Four more Vinashin officials arrested

Hanoi: Four more senior officials from Vietnam Shipbuilding Industry Group (Vinashin) have been arrested. As investigation continue into the debt laden state shipbuilder that came close to bankruptcy Vietnam's Ministry of Public Security said two former board members, Tran Quang Vu and Tran Van Liem, and ex-general directors of two of Vinashin's subsidiaries, Nguyen Van Tuyen and Nguyen Tuan Duong, has been arrested. The officials were found to "have intentionally violated state regulations on economic management that have resulted in serious consequences," the Ministry said. The arrests were based on investigations and "confessions" from former Vinashin chairman, Pham Thanh Binh arrested last month. The new general director of Vinashin, Tran Quang Vu, has already been suspended after less than a month on the job. Vinashin's business director Nguyen Quoc Anh has taken over as acting ceo. [06/09/10]

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