_vietnam-paints-billionaires-death-sentence-as-a-victory-for-clean-governance-its-not.jpg "Vietnam Paints Billionaire’s Death Sentence as a Victory for Clean Governance. It’s Not from some Video Screenshot Preview")
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⏲ Duration: 1:44
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✓ Published: 12-Apr-2024
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✓ Published: 12-Apr-2024
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It’s Southeast Asia’s biggest ever fraud, amounting to $12.5 billion and embroiling some of Vietnam’s top bankers and officials. And on Thursday, a Ho Chi Minh City court reached its verdict: a death sentence for Truong My Lan, a highflying 67-year-old businesswoman who began life hawking cosmetics from a market stall in the southern city before in 1992 founding Van Thinh Phat, a sprawling company which developed luxury apartments, offices, hotels, and shopping malls.
It’s Southeast Asia’s biggest ever fraud, amounting to $12.5 billion and embroiling some of Vietnam’s top bankers and officials. And on Thursday, a Ho Chi Minh City court reached its verdict: a death sentence for Truong My Lan, a highflying 67-year-old businesswoman who began life hawking cosmetics from a market stall in the southern city before in 1992 founding Van Thinh Phat, a sprawling company which developed luxury apartments, offices, hotels, and shopping malls.
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