Search results
Results from the WOW.Com Content Network
A key figure in Vietnam's largest, multi-billion-dollar financial fraud, Lan was sentenced to death for embezzlement, bribery, and violations of banking regulations on 11 April 2024. [ 1 ] In October 2022, she was arrested for using fake loan applications to embezzle more than US$12.5 billion from Sai Gon Joint Stock Commercial Bank , which she ...
Lan, 68, was appealing a death sentence for orchestrating a $44bn fraud – the largest in banking history. Convicted in April under Vietnam’s anti-corruption campaign, she was accused of ...
Real estate tycoon Truong My Lan faces the death penalty in a trial that began Tuesday over alleged fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP and Vietnam's largest ...
She has been convicted for fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP — and for illegally controlling a major bank and allowing loans that resulted in losses of ...
Sai Gon Joint Stock Commercial Bank or Saigon Commercial Bank, abbreviated as SCB (Vietnamese: Ngân hàng Thương mại cổ phần Sài Gòn), [3] is the largest commercial bank in Vietnam by assets, founded in 2012 and headquartered in Ho Chi Minh City.
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.
Corruption in Vietnam is pervasive and widespread, due to weak legal infrastructure, financial unpredictability, and conflicting and negative bureaucratic decision-making. Surveys from 2015 revealed that while petty corruption decreased slightly throughout the country, high-level corruption significantly increased as a means of abuse of ...
The trial in Vietnam's largest financial fraud case on record began on Tuesday, with nearly 90 defendants accused of being part of a $12 billion scam, for which some of them risk the death penalty.