Death Sentence Upheld for Tycoon in Record $12.5 Billion Fraud Case
A Vietnamese court has upheld the death sentence for real estate tycoon Truong My Lan, rejecting her appeal against convictions for embezzlement and bribery in a fraud case involving over $12 billion. This amount represents nearly three percent of Vietnam 's 2022 GDP, marking the country's largest recorded financial fraud.
Vietnam court may commute tycoon’s death sentences if she repays $11 billion
A court in Vietnam has upheld the death sentence for real estate tycoon Truong My Lan but said it could be commuted to life if she reimburses some $11 billion.
Vietnam court says tycoon must repay embezzled billions to avoid execution
An appeals court upheld Truong My Lan’s death sentence for bank fraud but suggested she could avoid execution by repaying three-quarters of the money she stole.
A Vietnamese tycoon is scrambling to raise $9 billion to avoid execution
Truong My Lan was sentenced to death for embezzling $12.5 billion. She needs to raise $9 billion to try to commute her sentence to life imprisonment.
Vietnam Court Upholds Death Sentence for Tycoon in $12 Billion Fraud Case
A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery, state media reported. Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group,
Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.
Vietnamese tycoon told to repay billions in fraud case to avoid death penalty
Vietnamese tycoon Truong My Lan can avoid execution for orchestrating a $12bn fraud if she repays three-quarters of the misappropriated funds, a court ruled on Tuesday. The chair of property developer Van Thinh Phat Group was sentenced to death in April after being found guilty of embezzling 304tn dong from Vietnam’s Saigon Joint Stock Commercial Bank (SCB).
Vietnamese tycoon loses death row appeal over world's biggest bank fraud
Vietnamese property tycoon Truong My Lan has lost her appeal against her death sentence for masterminding the world’s biggest bank fraud. The 68-year-old is now in a race for her life because the law in Vietnam states that if she can pay back 75% of what she took,
Tycoon on death row for $12 billion fraud loses appeal in Vietnam court
A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery in a high-profile $12 billion fraud case,
VietJet flight bound for Ho Chi Minh City, Vietnam forced to return to Melbourne Airport due to onboard issue
Flight VJ82 to Ho Chi Minh City left Melbourne Airport about 3am and was close to the South Australia/ Northern Territory ...
Real Estate Asia on MSN2d
Ho Chi Minh City retail rents to rise by 2-3% annually
The city will see around 13,000sqm of new stock by next year. By end-2024, JLL said in a report that the Ho Chi Minh City ...
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Ho Chi Minh City prime apartment prices down by 3.7% in Q3
The decline is due to the removal of high-priced projects that were sold out. In a recent report, JLL said Ho Chi Minh City’s ...
Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city
Vietnam has approved the construction of a high-speed railway connecting the capital Hanoi in the north with the financial ...
VietNamNet1d
Gamuda Land unveils landmark Eaton Park development in HCM City
Gamuda Land, one of Southeast Asia’s premier property developers, unveiled the Alpine and Forest Towers at its flagship Eaton ...
AeroTime11h
AirAsia launches new direct route from Kota Kinabalu to Ho Chi Minh City
AirAsia has expanded its reach in Vietnam, launching a new direct route from Kota Kinabalu in Malaysia to Ho Chi Minh City.
Danbury News-Times on MSN16h
Danbury's Bánh Mi AiKi food truck brings Vietnamese street food to Federal Road: 'We found a niche'
Out of the window of Bánh Mi AiKi, Danbury ’s latest food truck on Federal Road, Luu serves bánh mi sandwiches, stuffed with ...
VietNamNet7d
Ho Chi Minh City targets $13,000 annual income to lead national growth
As Vietnam moves into a new era of national growth, HCMC is tasked with maintaining its leadership role by addressing core ...
Ho Chi Minh City's Upcoming Long Thanh International Airport: 5 Facts About The New Jewel Of Southeast Asia
Serving one of the fastest-growing travel markets in the world, Long Thanh is set to become one of the largest airports in the world.
vegconomist6d
Mexico City & Ho Chi Minh City Appear on HappyCow’s World Top Ten Vegan-Friendly Cities for 1st Time
Vegan food discovery platform HappyCow has published its annual report outlining the world's most vegan-friendly cities.
eVnExpress on MSN2h
Crocodile shows up in HCMC family's garden
A crocodile showed up at a family’s garden in Ho Chi Minh City on Wednesday, forcing locals to band together to capture it.