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...
In addition to the confirmed cases, there are also 16 cases under investigation.
In addition to the confirmed cases, there are 19 cases currently under investigation for measles.
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Truong My Lan was found guilty of embezzlement, bribery and violations of banking rules at the end of a trial in the business hub of Ho Chi Minh City, state media said.
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.
Lan’s husband, Hong Kong billionaire Eric Chu Nap Kee, was sentenced to nine years in prison as part of the case.
Truong My Lan found guilty of embezzling from Saigon Commercial Bank in
A court in Vietnam sentenced real estate tycoon Truong My Lan Thursday to death over her role in a 304 trillion dong ($12.46 billion) financial fraud case, the country’s biggest on record, state media reported. At the end of a trial in Vietnam’s business hub Ho Chi Minh City, the chairwoman of real estate developer Van Thinh Phat Holdings Group was found guilty of embezzlement, bribery and violations of banking rules, state media reports said. The trial, which began on March 5 and ended earlier...
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