Tycoon’s death penalty in $12.5 billion fraud case highlights Vietnam’s corruption crisis
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By Heather Chen, CNN (CNN) — The death sentence handed to a real estate tycoon in a $12.5 billion financial fraud case is the latest punishment meted out by Vietnam in the Southeast Asian country’s sweeping “blazing furnace” anti-corruption campaign. Thursday’s ruling against Truong My Lan, the former chairwoman of property developer Van Thinh Phat

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  • Tycoon’s death penalty in $12.5 billion fraud case highlights Vietnam’s corruption crisis

    The death sentence handed to a real estate tycoon in a $12.5 billion financial fraud case is the latest punishment meted out by Vietnam in the Southeast Asian country’s sweeping “blazing furnace” anti-corruption campaign. Thursday’s ruling against Truong My Lan, the former chairwoman of property developer Van Thinh Phat Holdings Group, follows the resignation of two presidents in just over a year, in departures linked to separate allegations of wrongdoing. The sheer scale of Lan’s misconduct has...

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

    A court in Vietnam sentenced real estate tycoon Truong My Lan Thursday to death over her role in a 304 trillion dong ($12.46 billion) financial fraud case, the country’s biggest on record, state media reported. At the end of a trial in Vietnam’s business hub Ho Chi Minh City, the chairwoman of real estate developer Van Thinh Phat Holdings Group was found guilty of embezzlement, bribery and violations of banking rules, state media reports said. The trial, which began on March 5 and ended earlier...

  • Vietnam tycoon gets death sentence in $12 billion fraud case

    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 ($12.5 billion) financial fraud, the country's biggest on record, state media said. Her trial, begun on March 5 and ending earlier than planned, was one