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Economic news

Vietnam court upholds death sentence for tycoon in $12 billion fraud case

12/03/2024

Less than a minute

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.

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12/03/2024

Less than a minute