State media say police have arrested four senior executives at a major state-owned shipping company for alleged mismanagement.
Online VnExpress says Duong Chi Dung, former chairman of Vietnam National Shipping Lines, or Vinalines, and three other executives were detained Friday for allegedly causing losses of $80 million from 2009-2010 after purchasing old ships and making poor investments.
Dung was promoted in February to head the government's Maritime Department.
The arrests come more than a month after nine senior executives of another major state-owned company, the Vietnam Shipbuilding Industrial Group, or Vinashin, were given lengthy jail sentences following a scandal that resulted in the lowering of Vietnam's credit rating.
Is Titanium Bulletproof?
R.I.P. Supreme Court Justice Antonin Scalia, 1936 – 2016
Bernie Sanders is Not a Social Democrat; He’s a Marxist
Doug Fabian - This Real Estate ETF Could be a Home for Your Money
George Soros: Top 10 Reasons He Is Dangerous | Human Events
'Clarence Thomas' trends as liberals update their wish lists
Winners and Losers from Tonight’s CBS GOP Debate | RedState