Vietnam Property Tycoon Sentenced To Death Over Multi-billion Dollar Fraud: State Media
A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.
The jury in Ho Chi Minh City rejected all defence arguments by Truong My Lan, chair of major developer Van Thinh Phat, finding her guilty of swindling cash from Saigon Commercial Bank over a decade. Her actions had “eroded people’s trust in the leadership of the (Communist) Party and state,” the jury said, according to state media.
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A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.
The jury in Ho Chi Minh City rejected all defence arguments by Truong My Lan, chair of major developer Van Thinh Phat, finding her guilty of swindling cash from Saigon Commercial Bank over a decade. Her actions had “eroded people’s trust in the leadership of the (Communist) Party and state,” the jury said, according to state media.
bur-aph/rbu/ssy
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