Construction firm exec arrested in fraud case involving former FLC chairman

Nguyen Thien Phu, deputy general director and chief accountant of FLC Faros. Photo by the Ministry of Public Security

Nguyen Thien Phu, deputy general director of construction firm FLC Faros, has been arrested on suspicion of commiting fraud for property appropriation.

Phu, also chief accountant of the firm, has been detained pending investigation, Lieutenant General To An Xo, spokesman of the Ministry of Public Security, said Monday.

Phu's arrest happened as the police expanded investigation into fraud and stock market manipulation committed by leaders of FLC Faros and its parent company, property giant FLC.

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