HO CHI MINH CITY: A Vietnamese property tycoon sentenced to death for fraud totalling US$27 billion went on trial Thursday (Sep 19) in a linked case accused of money laundering.

Channel News Asia

Singapore

Vietnam death row tycoon faces money laundering trial

She and her 33 co-defendants face new charges of money laundering, illegal cross-border trafficking of cash and fraud.

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South China Morning Post

Alibaba Group

Hong Kong

Government of Singapore

A Vietnamese property tycoon sentenced to death for fraud totalling $27 billion went on trial Thursday in a related case accused of money laundering.Truong My Lan, chair of major developer Van Thinh Phat, was found guilty in April of swindling cash from the Saigon Commercial Bank (SCB) over a decade in one of the biggest corruption cases in history.Lan and 33 other defendants were brought to the court in Ho Chi Minh City early Thursday in a conv…

Raw Story

John K. Byrne

Michael Rogers (publisher)

United States

HO CHI MINH CITY, Sept 19 — A Vietnamese property tycoon sentenced to death for fraud totalling US$27 billion (RM118 billion) goes on trial today in a linked case accused of money laundering. Truong My Lan, chair of major developer Van Thinh Phat, was found guilty in April of swindling cash from the Saigon Commercial Bank (SCB) over a decade in one of the biggest corruption cases in history. Lan and 33 other defendants now face new charges of mo…

Malay Mail

Dato’ Siew Ka Wei

Selangor

Malaysia

Saigon Commercial Bank scandal: Vietnam tycoon, already on death row for RM118b fraud, now on trial for money laundering

A second trial on new charges has begun for Vietnamese billionaire Truong My Lan, who was sentenced to death in April over Vietnam’s biggest financial fraud on record.

Deutsche Welle

Cabinet of Germany

Bonn

North Rhine-Westphalia

Germany

Vietnam tycoon on death row faces new trial

Ho Chi Minh City, Vietnam — A Vietnamese property tycoon sentenced to death for fraud totalling $27 billion goes on trial Thursday in a linked case accused of money laundering. Truong My Lan, chair of major developer Van Thinh Phat, was found guilty in April of swindling cash from the Saigon Commercial Bank (SCB) over

Inquirer

Inquirer Group of Companies

Manila

Metro Manila

Philippines

HO CHI MINH CITY (AFP) – A Vietnamese property tycoon sentenced to death for fraud totalling USD27 billion went on trial Thursday in a linked case accused of money laundering. Truong My Lan, chair of major developer Van Thinh Phat, was found guilty in April of swindling cash from the Saigon Commercial Bank (SCB) over […]

Borneo Bulletin

Brunei

FAKE CONTRACTS Media reports cited a copy of the indictment as saying the 67-year-old tycoon ordered his accomplices to withdraw cash and transfer it from the SCB system. She then hid the origins of the cash and used it to settle debts between companies or transferred the money overseas for bogus contracts. Lan’s driver transported the equivalent of more than $4.4 billion in cash from SCB’s headquarters in Ho Chi Minh City to her nearby home and…

Vietnam death row tycoon faces money laundering trial

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