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Vietnam arrests former chair of state-run shipping company

Reuters
September 6, 2012, 11:40 am TWN
HANOI -- The former chairman of Vietnam's biggest state shipping firm has been arrested abroad with the help of Interpol after more than three months on the run, Vietnamese authorities said on Wednesday, as the company faces scrutiny over corruption and debts.

Duong Chi Dung, 55, was accused of deliberately mismanaging Vietnam National Shipping Lines (Vinalines) from 2005 to February this year before he disappeared.

He rose through Vinalines' ranks even as it hemorrhaged money. He was appointed head of the Transport Ministry's Maritime Administration weeks before investigators uncovered wrongdoing at the company. Before joining Vinalines, he managed a loss-making waterway construction company.

The Police Ministry said he was arrested on Tuesday after Interpol issued a warrant in May.

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