Top Vietnamese property tycoon Truong My Lan- chair of major developer Van Thinh Phat- was sentenced to death over her role in a 304 trillion dong ($12.46 billion) financial fraud case.

Lan illegally controlled Saigon Joint Stock Commercial Bank between 2012 and 2022 and allowed 2,500 loans that resulted in losses of $27 billion to the bank, reported state media VnExpress.

A Vietnam court sentenced real estate tycoon Truong My Lan to death for her role in a $12 billion fraud case, underscoring the Communist Party’s determination to crack down on corruption. Lan ...

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Truong My Lan was sentenced on Thursday by a court in Ho Chi Minh City after being found guilty of embezzlement, bribery and violations of banking rules following a month-long trial, state media ...

Van Thinh Phat chairwoman Truong My Lan on Thursday was sentenced to death for leading a scam that caused damages of VND677 trillion ($27 billion) to the Saigon Commercial Bank (SCB). Lan, 68, is ...

Prosecutors have accused Lan of committing “organised crimes” with “serious consequences” and she faces the maximum death penalty, according to state media. The first part of her trial is ...

The lifestyle of Vietnam’s nouveau riche elite was exposed during the devastating trial in Ho Chi Minh City that convicted Truong My La Lan of stripping the country’s biggest bank huge sums of ...