Truong My Lan

Vietnam tycoon appeals against $27 billion fraud death sentence

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A top Vietnamese property tycoon sentenced to death in a $27 billion fraud case has launched an appeal against her conviction, state media said Friday.Truong My Lan, chair of major developer Van Thinh Phat, was found guilty this month of swindling cash from Saigon Commercial Bank (SCB) over a decade.The 68-year-old was found to have … Read more

Vietnamese property tycoon Truong My Lan sentenced to death in US$12.5 billion fraud case

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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