ASIA PACIFIC NEWS: ABN Amro pays $4.5m settlement in Vietnam forex trading case
NEWS
Incombank, Vietnam's fourth-largest bank, filed a lawsuit in early August seeking $5.4 million from ABN Amro to cover FX losses. Four ABN Amro employees were detained as a result of the accusations (FX Week, August 14), with the staff having remained in prison since March.
ABN Amro continue to deny any wrongdoing in the matter, but a source familiar with the situation told FX Week that the settlement was made on the understanding that the detainees would be released from custody. However, the ABN
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