The deputy general director of the Bank for Investment and Development of Vietnam was detained Tuesday for allegedly receiving bribes from a business.

According to many sources, Dung was arrested under orders from the Ministry of Public Security.

The 44-year-old, who has been BIDV deputy general director since September 2008 after being director of the branch in nearby Hai Phong, was caught red-handed by Hanoi’s economic police on Monday when he was receiving nearly VND1 billion (US$54,000) from a company whose name was not released yet.

A BIDV official from the Hai Phong branch was also detained for involvement in the case.

Bank leaders on Tuesday confirmed the arrest, but refused further information or comment on the case.

Source: Thanh Nien