Trial Begins in Largest Financial Fraud Case in Việt Nam

“The chairwoman of major developer Vạn Thịnh Phát went on trial Tuesday along with dozens of others, accused of embezzling US$12.5 billion in Việt Nam’s largest financial fraud case.

Real estate tycoon Trương Mỹ Lan, 68, is accused of siphoning off VNĐ304 trillion ($12.46 billion) from Việt Nam’s largest private bank by assets, Saigon Joint Stock Commercial Bank (SCB), according to investigators. If found guilty, Lan could face a death penalty.” – VNS.

Source: https://vietnamnews.vn/society/1651402/trial-begins-in-largest-financial-fraud-case-in-viet-nam.html

Trial Begins in Largest Financial Fraud Case in Việt Nam