Dung was the chairman of the management board of the Mekong Housing Bank (MHB) while Hoa was its general director, before the lender was merged with BIDV on May 23, 2015.Police officers have also instituted legal proceedings against several other people who used to be officials at the MHB Securities Corporation (MHBS) and summoned other relevant individuals.The suspects are accused of several offenses in the management of business activities at MHB and MHBS, which led to the ineffective operation of the two institutions, according to the Tuoi Tre source.BIDV issued an announcement on Saturday, stating that it had stripped Dung and Hoa of their board membership in order to assist the police probe.The bank added that the purported violations of the two officials in their previous positions are absolutely unrelated to its corporate operation.Dung and Hoa did not manage the bank operation but were only in charge of dealing with existing issues regarding the activities of MHB prior to the merger, led table lamps BIDV elaborated.MHB was established in 1997 and merged into BIDV in accordance with a restructuring scheme undertaken by the State Bank of Vietnam.The bank charter capital was VND3.4 trillion (US$152.9 million) and its total assets were estimated at VND45 trillion ($2.02 billion) when the merger was carried out.Dung was appointed board chairman in 2002 and re elected for a second term in 2007. He used to hold similar positions at the real estate company Mekong Land and Sen Vang Urban Development Company.Hoa was the deputy director of the State Bank of Vietnam branch in the southern province of Tay Ninh before being named the MHB boss in 2010.Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!Recommend storiesAmerican GI photos capture the other side of warVietNamNet Bridge After being drafted to serve in the war in Vietnam, an American GI decided to treat his days off duty in the country as a 'working vacation' with camera in hand.Noodle Gobbler in 1969The pictures that Private 1st Class Lance V Nix took in and around the city. [Read more]Quang Nam: Cua Dai bridge opens to trafficThe Cua Dai bridge spanning the Thu Bon River and a coastal road in the central province of Quang Nam were put into service on March 27 in the presence of National Assembly Chairman Nguyen Sinh Hung.Construction of the bridge began in August 2009 at a cost of 3.45 trillion. [Read more]Vietnam, Laos step up investment tiesDeputy Prime Minister Nguyen Xuan Phuc called on Vietnam and Laos to roll out mechanisms and policies to support investors in each country.The official made the appeal while co chairing the second Vietnam Laos investment cooperation conference that opened in the central city of Da Nang on March 27. led table lamps The two countries should. [Read more]HCM City keen to build more social housingThe Department of Construction in Ho Chi Minh City sought the municipal People Committee approval for a proposal to build more than 2,000 additional apartments.The apartments are part of two social housing projects, the CC1 building and the Chuong Duong Home, funded by the Construction Corporation No.1 (CC1) under the. [Read more]Tourism expected to boost Ly Son developmentWith abundant tourism advantages, the island district of Ly Son in the central province of Quang Ngai is making the most of its strengths to promote the locality economic development.