Vietnam tycoon sentenced to death in $12.5 billion fraud case: What to know - News in Shorts - Shorts Read

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Vietnam tycoon sentenced to death in $12.5 billion fraud case: What to know

Vietnamese property magnate Truong My Lan has been handed a death sentence for a massive fraud scheme, involving billions of dollars. Lan, the chair of Van Thinh Phat, was found guilty of siphoning funds from Saigon Commercial Bank (SCB) over a ten-year period. This case, one of the largest fraud scandals in the country, totaled a staggering 12.5 billion dollars.

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