Death Sentence for Real Estate Tycoon in $12.5 Billion Fraud Case Sends Shockwaves in Vietnam
HANOI, Vietnam (AP) — A court in Ho Chi Minh City, Vietnam convicted real estate tycoon Truong My Lan to death on Thursday in the largest financial fraud case in the country’s history, according to state media Vietnam Net. The 67-year-old chair of Van Thinh Phat, a prominent real estate company, was found guilty of being involved in a fraud scheme amounting to $12.5 billion, nearly 3% of the country’s GDP in 2022. During her …