Vietnam property tycoon sentenced to death in multi-billion dollar fraud case

11/4/2024 18:37

        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 ($12.5-billion) financial fraud, the country's biggest on record, state media said.
        
        Her trial, begun on March 5 and ending earlier than planned, was one dramatic result of a campaign against corruption that the leader of the ruling Communist Party, Nguyen Phu Trong, has pledged for years to stamp out.
        
        State media said, Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery and violations of banking rules at the end of a trial in the business hub of Ho Chi Minh City.
        
        It was not immediately clear how Lan had pleaded, though state media has quoted prosecutors as saying she not pleaded guilty.