ICYMI:
Today, a court in Vietnam sentenced real estate tycoon Truong My Lan to death over her role in a $44 billion financial fraud case, the country’s “biggest on record”, state media reported.
Lan and accomplices siphoned off more than 300 trillion Vietnamese Dong from Saigon Joint Stock Commercial Bank (SCB), which she controlled through dozens of proxies, in a multi-year long defrauding scheme.
“From 2018 through October 2022, when the Vietnamese government bailed out SCB after a run on its deposits, Lan misappropriated large sums by arranging unlawful loans to shell companies she was associated with”, investigators said.
👉 RealSGAnon
Today, a court in Vietnam sentenced real estate tycoon Truong My Lan to death over her role in a $44 billion financial fraud case, the country’s “biggest on record”, state media reported.
Lan and accomplices siphoned off more than 300 trillion Vietnamese Dong from Saigon Joint Stock Commercial Bank (SCB), which she controlled through dozens of proxies, in a multi-year long defrauding scheme.
“From 2018 through October 2022, when the Vietnamese government bailed out SCB after a run on its deposits, Lan misappropriated large sums by arranging unlawful loans to shell companies she was associated with”, investigators said.
👉 RealSGAnon