Truong My Lan sentenced to death for her role in $12 billion fraud case
The main case against Truong My Lan was that she embezzled funds from Saigon Commercial Bank between February 2018 and October 2022.
Stay updated with breaking news from Eric Chu. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The main case against Truong My Lan was that she embezzled funds from Saigon Commercial Bank between February 2018 and October 2022.
HANOI (Reuters) -- A court in Vietnam handed the death sentence on Thursday to real estate tycoon Truong My Lan for her role in a 304 trillion dong ($
Truong My Lan: Her trial, begun on March 5 and ending earlier than planned, was one dramatic result of a campaign against corruption that the leader of the ruling Communist Party, Nguyen Phu Trong, has pledged for years to stamp out.
Truong My Lan was found guilty of embezzlement, bribery and violations of banking rules at the end of a trial in the business hub of Ho Chi Minh City, state media said.
The court found Lan ran an orchestrated criminal enterprise that had serious consequences, with no possibility of the money being recovered.