Vietnam's Van Thinh Phat Holdings Chairwoman sentenced to death for $12B financial fraud.

Van Thinh Phat Holdings Group Chairwoman Truong My Lan received the death sentence in Vietnam's largest financial fraud case, involving over $12 billion siphoned from SCB through loans to shell companies. Lan and dozens of other defendants were found guilty of real estate scam involvement. The total value of assets linked to Van Thinh Phat and its affiliates is estimated between $12 billion and $48 billion.

April 11, 2024
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