Vietnam property tycoon sentenced to death in $12 billion fraud case

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Truong My Lan was accused of appropriating large sums by arranging unlawful bank loans to shell companies

Truong My Lan sits during her trial at the Ho Chi Minh City People's Court in Ho Chi Minh City, Vietnam. Photograph: EPAA court in Vietnam has sentenced real estate tycoon Truong My Lan to death over her role in a 304 trillion dong financial fraud case, the country’s biggest on record,

Lan and her accomplices were accused of siphoning off more than 304 trillion dong from Saigon Joint Stock Commercial Bank , which she effectively controlled through dozens of proxies, according to investigators. ‘Why are they attacking us?’ Ukraine’s anti-corruption campaigners face slurs, surveillance and intimidation

 

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Vietnam property tycoon sentenced to death in fraud caseA top Vietnamese property tycoon has been sentenced to death in one of the biggest corruption cases in history, with an estimated €25 billion in damages.
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