"Vietnamese Tycoon Truong My Lan Sentenced to Death for $44 Billion Fraud"

1 min read
Source: Bloomberg
"Vietnamese Tycoon Truong My Lan Sentenced to Death for $44 Billion Fraud"
Photo: Bloomberg
TL;DR Summary

Vietnamese real estate tycoon Truong My Lan has been sentenced to death for her involvement in a $12 billion fraud case, highlighting the government's commitment to combating corruption. The 67-year-old chairwoman of Van Thinh Phat Group was found guilty of embezzling funds from Saigon Commercial Bank and faced charges of bribery and violating bank lending rules.

Share this article

Reading Insights

Total Reads

0

Unique Readers

2

Time Saved

0 min

vs 1 min read

Condensed

28%

7856 words

Want the full story? Read the original article

Read on Bloomberg