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Lan illegally controlled Saigon Joint Stock Commercial Bank between 2012 and 2022 and allowed 2,500 loans that resulted in losses of $27 bil Vietnam sentences real estate tycoon Truong My Lan to ...
Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city, April 11, 2024, where she was sentenced to death in one of the country's biggest fraud cases, with damages ...
Trương Mỹ Lan (born 13 October 1956) is a Vietnamese businesswoman who founded the real estate development group Vạn Thịnh Phát Group , of which she is on the board of directors. A key figure in Vietnam's largest, multi-billion-dollar financial fraud , Lan was sentenced to death for embezzlement , bribery, and violations of banking ...
HANOI, Vietnam (AP) — The death sentence for real estate tycoon Truong My Lan was upheld Tuesday in Vietnam's largest fraud case, the scale of which had raised concerns about the country's economy. She had been convicted in April of embezzlement and bribery over the fraud amounting to $12.5 billion, nearly 3% of Vietnam’s 2022 GDP.
Her niece, Truong Hue Van, the chief executive of Van Thinh Phat, was sentenced to 17 years in prison for aiding her aunt. Lan and her family established the Van Thing Phat company in 1992 after Vietnam shed its state-run economy in favor of a more market-oriented approach that was open to foreigners.
Vietnamese real estate tycoon Truong My Lan attends trial in an appeal she filed against her death sentence in a financial fraud case in Ho Chi Minh City, Vietnam, Tuesday, Dec. 3, 2024.
Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case; 20 years later, Abu Ghraib detainees get their day in US court; North Carolina governor to welcome historic visitor at mansion: Japan's Prime Minister Kishida 'I'm dying, you're not': Those terminally ill ask more states to legalize physician-assisted death
A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery in a high-profile $12 ...