The Vietnamese businesswoman Truong My Lan was sentenced to death yesterday by a court in Ho Chi Minh City, bringing to an expected end one of the country’s largest-ever corruption cases. The wealthy 68-year-old, who headed real estate company Van Thinh Phat (VTP), is accused of using “thousands of ghost companies” to embezzle 304 trillion … Read more
Vietnamese prosecutors are calling for the death sentence for the businesswoman who allegedly masterminded the biggest fraud in the country’s history, state media reported yesterday. Truong My Lan, 68, the chairperson of the Ho Chi Minh City-based real estate developer Van Thinh Phat Holdings Group, is accused of using “thousands of ghost companies” to embezzle … Read more
Vietnam yesterday opened its trial in the case of the real estate tycoon Truong My Lan, who faces the death penalty in one of the country’s largest-ever corruption cases. The 66-year-old, who headed real estate company Van Thinh Phat, is accused of using “thousands of ghost companies” to embezzle an eye-popping 304 trillion dong ($12.54 … Read more
The head of the Communist Party of Vietnam (CPV) has pledged to broaden and deepen its campaign against corruption, a week after police revealed the scale of an ongoing graft investigation worth an estimated $12.5 billion. “We need to conduct the anti-corruption fight faster in a more efficient manner,” CPV General Secretary Nguyen Phu Trong … Read more