Vietnam targets 16 bankers in crackdown

Vietnam issued arrest warrants for 14 bankers and took two more into custody on Tuesday after accusing them of causing losses totalling hundreds of millions of dollars in the scandal-tainted sector.

The communist government has been on the warpath against wrongdoers in an industry plagued by favouritism and dodgy loans -- part of a broader drive against corruption in the country.

A total of 16 people from various private and government-owned banks are accused of deliberate misconduct, the Ministry of Public Security (MPS) said on its website without elaborating.