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The real estate tycoon at the center of a US$12.46 billion fraud case has been sentenced to death, a penalty which appears to have appeased an outraged Vietnamese public but may not be enough to stem rising concerns about the health of the financial system.
HO CHI MINH CITY -- A U.S. company's planned sale of its coal assets in Vietnam, a measure to help it hit its green targets, might end up allowing for more carbon emissions, new research suggests.
HANOI, Vietnam (AP) — The unusually harsh death sentence given to a real estate tycoon in Vietnam was a pivotal moment in the decadelong “Blazing Furnace” anti-corruption campaign as the Vietnamese business community wrestled with an uncertain future Friday.
HO CHI MINH CITY -- TikTok Vietnam said the number of merchants on its app tripled last year, as did average sales, fueling its optimism in the tightly censored country after setbacks in markets from the U.S. to Indonesia.
Truong My Lan, a Vietnamese real estate tycoon, was sentenced to death on Thursday for her role in a financial fraud case, in a major display of the ruling Communist Party’s resolve to crack down on corruption.
Vietnamese real estate tycoon Truong My Lan was sentenced to death on Thursday after a court found her guilty of embezzlement, bribery and banking regulation violations in a fraud trial which saw her accused of plundering over US$12.5 billion from a bank using hundreds of ghost companies.
HANOI (Reuters) -- A court in Vietnam handed the death sentence on Thursday to real estate tycoon Truong My Lan for her role in a 304 trillion dong ($12.2 billion) financial fraud, the country's biggest on record, state media said.
HANOI, Vietnam (AP) — A Vietnamese real estate tycoon was sentenced to death Thursday in the country’s biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation.