HANOI, Vietnam >> Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh city in southern Vietnam in the country’s largest financial fraud case ever, state media Thanh Nien said.
HANOI, Vietnam (AP) — A Vietnamese real estate tycoon was sentenced to death Thursday in the country’s biggest ever financial fraud case, a shocking development that underlines an intensifyin
Truong My Lan, a high-profile businesswoman who chaired a sprawling company that developed luxury apartments, offices and shopping malls, was arrested in 2022.
HANOI, Vietnam — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Thanh Nien said. The 67-year-old chair of the real estate company Van Thinh Phat was accused of fraud amounting to $12.5 billion, or nearly 3% of the country’s 2022 GDP. She illegally controlled the Saigon Joint Stock Commercial Bank from 2012 to 2022 to siphon off these funds through thousands of...
The unusually harsh death sentence given to a real estate tycoon in Vietnam was a pivotal moment in the decadelong “Blazing Furnace” anti-corruption campaign as the Vietnamese business community wrestled with an uncertain future Friday.
Vietnam Real Estate Tycoon Sentenced to Death Over Massive Fraud Amounting To 3% Of GDP Vietnamese real estate tycoon Truong My Lan was sentenced to death by a court in Ho Chi Minh City in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion, or nearly 3% of the country’s 2022 GDP. Business woman Truong My Lan attends a trial in Ho Chi...
HANOI, Vietnam (AP) — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country's largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud []
A Vietnamese real estate tycoon was sentenced to death Thursday in the country’s biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation.
HANOI, Vietnam (AP) — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud […]
HANOI, Vietnam (AP) — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh city in southern Vietnam in the country’s largest financial fraud case ever, s
A Vietnamese real estate tycoon Truong My Lan was given death sentence on Thursday in the country's biggest ever financial fraud case. The 67-year-old businesswomen was charged with fraud amounting to $12.5 billion which was nearly 3 percent of the country’s GDP in 2022. She is the chair of the real estate company Van Thinh Phat that developed luxury apartments, hotels, offices and shopping malls. Along with Lan, her niece, Truong Hue Van, the chief executive of Van Thinh Phat, was sentenced to...
Truong My Lan, chair of major developer Van Thinh Phat, was accused of fraud amounting to $12.5 billion - nearly 3 per cent of the country's 2022 GDP. But how was she able to operate for so long?