Economic news
Vietnam court upholds death sentence for tycoon in $12 billion fraud case
2024.12.03 00:09
HANOI (Reuters) – 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, was sentenced to death in April for her role in a financial fraud worth more than $12 billion, Vietnam’s biggest on record.