Vietnamese real estate tycoon Truong My Lan, chairwoman of Van Thinh Phat Holdings Group, has been sentenced to death for her involvement in a financial fraud totaling 304 trillion dong ($12.5 billion), marking the country’s largest financial scandal to date. The sentencing is a key moment in Vietnam’s intensifying crackdown on corruption, led by Communist … Read more
Lan’s husband Eric Chu was on Thursday sentenced to nine years’ imprisonment for violating banking regulations, according to state media, with scores more defendants still awaiting their sentences. Communist-run Vietnam is one of the last Asian countries to carry out death penalties. But Lan has the right to appeal against the sentence. It comes as … Read more
Heli-skiing on virgin snow in Antarctica for a cool $2.2 million. A polar bear safari in an “off-limits” area of Norway’s Svalbard for $300,000. How about tracking snow leopards in the Himalayas with renowned explorers for $100,000? Big-ticket travel experiences like those are indicative of the “quiet luxury” trend which began in the world of … Read more
