A Vietnamese real estate tycoon has been sentenced to death in the country’s biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation. Truong My Lan, a high-profile businesswoman who chaired a sprawling real estate company, was arrested in 2022. The 67-year-old was accused of fraud amounting to $12.5 billion, nearly 3% of the country’s 2022 GDP.
Vietnam sentences real estate tycoon Truong My Lan to death in largest ever fraud case: AP explains
A Vietnamese real estate tycoon has been sentenced to death in the country’s biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation. Truong My Lan, a high-profile businesswoman who chaired a sprawling real estate company, was arrested in 2022. The 67-year-old was accused of fraud amounting to $12.5 billion, nearly 3% of the country’s 2022 GDP.