Vietnam depositors pull out of bank after arrest of its founder: state media


AP

HANOI — Depositors were withdrawing money from one of Vietnam’s largest banks after the arrest of its founder this week triggered panic, state media reported Thursday.

Do Minh Toan, deputy general director of Asia Commercial Bank, was quoted on Thursday by Tuoi Tre newspaper as saying that withdrawals had been higher than usual but the situation was “within control.” He said the bank, which Standard and Chartered has a 15-percent stake in, had access to enough funds to pay its depositors.

A spokesman for the bank didn’t answer cellphone calls by The Associated Press on Thursday.