Vietnamese real estate tycoon found guilty of fraud in govt graft crackdown

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Truong My Lan was already convicted in April by the same Ho Chi Minh City court of fraud amounting to UDS 12.5 billion nearly 3 per cent of the country's gross domestic product in a separate case and sentenced to death by lethal injection.

The trials were broken into two parts due to the number of allegations against her, and Thursday's verdict, which carries a maximum penalty of life in prison, adds to Lan's legal troubles as she awaits the appeal of her death sentence to be heard.

A Vietnamese real estate tycoon was convicted Thursday of fraudulently obtaining property worth billions of dollars in a case that has been a centrepiece of the government's crackdown on corruption.

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Category: BusinessFinance

Markets: IndiaChinaOmanPakistanVietnam

Topics: Truong My Lan Fraud Vietnamese real estate tycoon Ho Chi Minh City court

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 14:47:01 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 904 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23100656

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