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Chairman of Ocean bank suspended for violations of laws
Le Tran 19:44, 2014/10/25
SBV said that the violations were discovered during its inspection of the legal status and credit quality of credit institutions, which is part of the project on restructuring credit institutions, as approved by the Politburo and the Government.
Chairman of the Ocean Commercial Joint Stock Bank's Board of Directors Ha Van Tham, founded the Ocean Group and is currently the ninth richest man in the Vietnamese stock market.
 
Chairman of Ocean Bank Ha Van Tham
Chairman of Ocean Bank Ha Van Tham
The case will not affect Ocean Bank's operations, said SBV.
The SBV has been closely coordinating with relevant agencies to investigate violations at the Ocean Bank.
According to the Ocean Bank's website, Tham has a doctorate in business administration from Paramount University of Technology in the United States.
He was Deputy Chairman of the Hai Hung Commercial Joint Stock Bank's Management Board in 2003 and 2004, and then became its chairman. The bank is now known as the Dai Duong Commercial Joint Stock Bank.
From 2007, Tham also held the position of Chairman at the Dai Duong Service and Hotel Joint Stock Company and the Dai Duong Communication Joint Stock Company.
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