Vietnam’s Asia Commercial Joint Stock Bank on Saturday rejected a rumor on social media that its senior leader gambled and transferred tens of millions of U.S. dollars abroad.

The bank issued a statement saying that some individuals made corrupt use of social media to spread fabricated and inaccurate information about its leader.

According to ACB, the rumor severely damaged the dignity, honor, and legitimate rights and interests of its leader as well as tarnished the bank’s image and reputation.

The rumor may have caused public disturbance and confusion while exerting an impact on the financial security of Vietnam’s financial and banking sector.

The bank said it had collected evidence and reported the case to relevant agencies for handling in line with the law.

The lender also affirmed its commitment to transparency, safety, and accountability in all operations, ensuring the rights and benefits of its customers, stakeholders, and partners.

During a live stream on TikTok, a social media influencer said that she was shared the information about ACB chairman Tran Hung Huy’s gambling and illegal money transfers worth tens of millions of U.S. dollars.

Huy later uploaded ACB’s announcement denying the rumor about himself to his Facebook page.

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