ACB Recovers 18% Of Fraud Loss In 2013


News: Vietnamese lender Asia Commercial Bank (ACB) has recovered VND1.25trn (USD59.3mn) or 18% of the loss from a fraud case by its founder Nguyen Duc Kien in 2013, reports the Tuoi Tre. The bank also expects to recover another VND3trn (USD142.3mn) or 45% of the total loss in 2014.

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Geography: Vietnam

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