Vietnam tycoon awarded death sentence for fraud

Vietnamese tycoon death sentence, Truong My Lan, Van Thinh Phat, Saigon Commercial Bank, Ho Chi Minh City, Southeast Asian

Vietnam: Vietnamese property magnate Truong My Lan was sentenced to death  in a billion-dollar fraud case. Truong Mai Lan, chairwoman of prominent developer firm Van Thinh Phat, was accused of swindling cash from Saigon Commercial Bank (SCB) for more than a decade. Truong My Lan and dozens of other co-defendants were sentenced in one of the country’s biggest fraud cases involving the embezzlement of $12.5 billion. Lan and 85 others were adjudicated and sentenced in Ho Chi Minh City after a trial that lasted five weeks. The list of co-accused…

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