Truong My Lan

Vietnam tycoon appeals against $27 billion fraud death sentence

by
Vietnam tycoon appeals against billion fraud death sentence

A top Vietnamese property tycoon sentenced to death in a $27 billion fraud case has launched an appeal against her conviction, state media said Friday.Truong My Lan, chair of major developer Van Thinh Phat, was found guilty this month of swindling cash from Saigon Commercial Bank (SCB) over a decade.The 68-year-old was found to have … Read more

Vietnam tycoon receives death sentence in fraud case – National

by
Vietnam tycoon receives death sentence in fraud case – National

A court in Vietnam handed the death sentence on Thursday to real estate tycoon Truong My Lan for her role in a 304-trillion-dong (US$12.5-billion) financial fraud, the country’s biggest on record, state media said. Her trial, begun on March 5 and ending earlier than planned, was one dramatic result of a campaign against corruption that … Read more