A property tycoon has been sentenced to death in Vietnam after the biggest fraud trial in the country's history. Truong My Lan was sentenced on Thursday by a court in Ho Chi Minh City. The 67-year-old chair of the company Van Thinh Phat was accused of fraud amounting to $12.5bn - nearly 3% of the country's GDP in 2022.
Lan's arrest in October 2022 was among the most high-profile in an ongoing anti-corruption drive in Vietnam. The crackdown, dubbed 'blazing furnace', has led to hundreds of senior state officials and high-profile business leaders facing prosecution or being forced to step down. Lan will appeal against her verdict, a family member told Reuters before it was issued. This breaking news story is being updated and more details will be published shortly.
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