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Vietnam arrests bank chief, Standard Chartered owns 15% stake in bank

The billionaire founder of Vietnam’s largest bank – Asia Commercial Joint Stock Bank (ACB) – has been arrested by authorities, causing a fall in its stock price and a collapse in the broader markets. Standard Chartered Plc is a 15% stakeholder in ACB. However, the charges against Nguyen Duc Kien do not relate to his role at ACB but his…

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