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Vietnamese real estate tycoon, already sentenced to death for fraud, faces trial on new charges

Summary by Associated Press News
HANOI, Vietnam (AP) — The second trial for Vietnamese real estate typcoon Truong My Lan — who was sentenced to death for financial fraud in April — started on Thursday, state media reported. The 67-year-old chair of the real estate company Van Thinh Phat was convicted for orchestrating Vietnam’s biggest ever financial fraud case, amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP and for illegally controlling a major bank allowing …
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