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...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn, state media reported on Thursday....
...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn in the country’s largest financial fraud, state media reported....
...Truong My Lan faces a death sentence or imprisonment if found guilty in the fraud case, which has rocked the property and corporate bond markets of one of the world’s fastest-growing economies....
...This month, the trial began of Vietnamese property tycoon Truong My Lan, who is accused of embezzling $12bn from a bank. Lan denies the charges....
...Allegations of a massive fraud by real estate tycoon Truong My Lan, who is standing trial on charges of embezzling $12bn, have added to concerns....
...But unbeknown to Thuy, her money was invested in bonds that Vietnamese authorities said were illegally channelling money to property tycoon Truong My Lan in what they said was the biggest fraud the country...
...Truong My Lan is a property tycoon. She’s the chairwoman of Van Thinh Phat, a company that owns some of the most prized properties in Ho Chi Minh City, which is Vietnam’s economic and commercial hub....
...In a sign of the economy’s sensitivity to the property sector, the arrest last year of tycoon Truong My Lan, chair of Van Thinh Phat Holdings, sparked a run on Saigon Commercial Bank until the country’s...
...Dang Trung Kien, chairman of Truong Thanh Vietnam Group, an industrial conglomerate, said his company decided against investing in the two provinces and was currently building three solar projects elsewhere...
...On Thursday evening, a court in the capital Hanoi sentenced Nguyen Van Dai, Le Thu Ha, Pham Van Troi, Nguyen Trung Ton, Nguyen Bac Truyen, and Truong Minh Duc under charges of “activities aimed at overthrowing...
...Nguyen Trung Thang, one of the constellation of second-hand car dealers clustered around Hanoi’s Nguyen Van Cu street, complained of a plunge in sales this year as customers flocked to newly minted marques...
...Truong Gia Binh is chairman of FPT, the country’s largest technology company....
...Nguyen Van Binh, the central bank governor, tried to reassure depositors that ACB was not affected by the scandal....
...On Tuesday afternoon, 72-year-old retiree Trinh Van Yen rode his bicycle to the bank through a heavy Hanoi rainstorm....
...Last week, Nguyen Van Giau, Vietnam’s central bank governor, said there were no plans to devalue the dong again....
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