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Fugitive Vietnam shipping firm exec arrested: Media

Published on Sep 5, 2012 2:32 PM

HANOI (AFP) - The fugitive former chairman of a debt-mired Vietnamese shipping company has been arrested overseas and extradited after three months on the run, state media said on Wednesday.

Duong Chi Dung, accused by Hanoi of deliberately mismanaging state-owned shipping firm Vinalines, was arrested in an unnamed Southeast Asian country and extradited with Interpol's help, the official Tuoi Tre newspaper reported.

Dung, 55, fled a May 18 arrest warrant for his role in a scandal that saw the company - formally known as the Vietnam National Shipping Lines - plunge into more than a billion dollars of debt.

The Tuoi Tre report did not specify Dung's current whereabouts, nor which country he had been arrested in and apparently extradited from.

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