Vietnamese Real Estate Tycoon Sentenced to Death for $44 Billion Fraud

Vietnamese real estate tycoon Truong My Lan has been sentenced to death for her involvement in a $12.5-billion financial fraud, the country's largest on record. The case is part of a broader anti-corruption campaign led by the ruling Communist Party. Lan, chairwoman of Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery, and banking violations. Her family plans to appeal the verdict. The crackdown on corruption in Vietnam has led to the prosecution of numerous officials and business executives, impacting investor confidence in the country's economy.