homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

April 12, 2024

Vietnam sentences real estate tycoon to death in fraud case

By ANIRUDDHA GHOSAL
Associated Press

HANOI, Vietnam — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country's largest financial fraud case ever, state media Vietnam Net said.

The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country's 2022 GDP.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.