A branch of BIDV, which is the target of corruption allegations. Photo: iStock.

Vietnam’s anti-corruption drive has netted another high-profile business executive, with the Ministry of Public Security confirming it has arrested a former Bank for Investment and Development of Vietnam official.

Doan Anh Sang, who was the bank’s deputy chief executive officer until he was fired in August, has been charged with “violations of regulations on banking operations”, the Reuters news agency reported.

A preliminary probe last year implicated Sang in alleged wrongdoings at the bank. The then chairman, Tran Bac Ha, and four other senior executives were arrested in November on similar charges.

BIDV, which is one of Vietnam’s biggest listed banks, said in a statement that Sang’s arrest would have no impact on its “normal operations”.

“BIDV always abides by the laws and is cooperating with the authorities in carrying out necessary legal proceedings,” the company added.

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