🧵 1. Vietnamese property tycoon Truong My Lan sentenced to death for country's biggest financial fraud, involving embezzlement and bribery, state media says. #business
🧵 1. Vietnamese property tycoon Truong My Lan sentenced to death for country's biggest financial fraud, involving embezzlement and bribery, state media says. #business
🧵 2. Lan, chairwoman of Van Thinh Phat Holdings Group, used unlawful loans in a scheme affecting Saigon Joint Stock Commercial Bank, leading to her arrest.
🧵 3. Lan's lawyers argued she controlled only 15% of the bank, but witnesses claimed she had a controlling stake, resulting in the extreme sentencing, as part of Vietnam's anti-corruption crackdown.
🧵 Read more at: https://www.cnbc.com/2024/04/11/vietnamese-property-tycoon-sentenced-to-death-in-financial-fraud-case.html