Vietnam Real Estate Tycoon Sentenced to Death Over Massive Fraud Amounting To 3% Of GDP

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– Vietnam Real Estate Tycoon Sentenced to Death Over Massive Fraud Amounting To 3% Of GDP:

Vietnamese real estate tycoon Truong My Lan was sentenced to death by a court in Ho Chi Minh City in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion, or nearly 3% of the country’s 2022 GDP.

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