Vietnamese property tycoon Do Anh Dung and son face trial for a $355m bond scam, defrauding thousands of investors amid Vietnam's ongoing corruption crackdown.
Vietnam's top property tycoon, Do Anh Dung, head of the Tan Hoang Minh group, and his son, Do Hoang Viet, are on trial accused of orchestrating a $355 million bond scam, defrauding thousands of investors. This trial is part of Vietnam's ongoing crackdown on corruption, with over 4,400 people indicted in over 1,700 cases since 2021. The defendants allegedly embezzled funds raised from investors who were promised high returns. The trial is expected to last around three weeks.
March 18, 2024
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