is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.


  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Vietnam tycoon on death row for massive fraud illegally moved money overseas, police say

HANOI - Vietnam real estate tycoon Truong My Lan, sentenced to death in the country's largest-ever financial fraud case, had illegally transferred money abroad, according to police, with state media on Thursday (June 6) reporting US$4.5 billion (S$6 billion) had been moved.

Police said late on Wednesday an investigation into those transfers and money laundering has been completed, but gave no further details.

State media said on Thursday that Lan had illegally transferred US$1.5 billion out of Vietnam and moved US$3 billion into the country. The reports did not specify which countries were the recipients or origins of that money.

A court in April sentenced Lan to death for her role in siphoning off more than US$12 billion from Saigon Joint Stock Commercial Bank (SCB), which she effectively controlled through dozens of proxies, despite rules strictly limiting large shareholding in lenders.

SCB did not immediately respond to a request for comment on Thursday and Lan's legal representatives could not be reached.

Lan is also accused of laundering 445.7 trillion dong (S$23.6 billion), including the money she and her accomplices siphoned off from SCB and from her illegal bond issuance, Thanh Nien newspaper reported on Thursday.

Vietnam tycoon sentenced to death in $16b fraud case, state media reports