The Business Times
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Truong My Lan

Property

Tycoon’s prime Ho Chi Minh City real estate up for sale in fraud recovery

2026-07-17T06:31:54.000Z
Truong My Lan was sentenced to death in April 2024 after being found guilty of embezzling US$12.3 billion from Saigon Commercial Bank in the nation’s largest-ever fraud case.
Asean Business

Vietnam bank to sell mogul’s property, car to offset fraud loss

2026-03-17T06:24:33.000Z
Truong My Lan said last week that her legal team and family have been working with a group of foreign partners to prepare resources and forge plans to repay her debts to investors and SCB within two to five years.
Asean Business

Life sentence cut to 30 years in prison for Vietnam’s death-row property mogul Truong My Lan

2025-04-21T15:15:11.000Z
Property developer Truong My Lan (in blue) looks on at a court in Ho Chi Minh City on Tuesday. She is appealing against the verdict from a second trial in October, in which she was sentenced to life in prison for three crimes.
Asean Business

Vietnam death row tycoon begins appeal in US$17.7 billion money-laundering case

2025-03-25T04:49:27.000Z
Truong My Lan has become the most high-profile case of the ruling Communist Party’s corruption crackdown.
Asean Business

Vietnam mogul scrambles to pay back bondholders as appeal starts

2025-03-25T00:07:00.000Z
Judges on Tuesday upheld the death sentence of property developer Truong My Lan, who was convicted this year of embezzling vast sums from the Saigon Commercial Bank, which she controlled, having borrowed from tens of thousands of small investors.
Asean Business

Huge Vietnam fraud case raises questions over banking system

2024-12-04T04:07:14.000Z
Truong My Lan (centre), the former chairperson of real estate developer Van Thinh Phat Holdings Group, was sentenced to death in April for her role in a financial fraud case that is Vietnam’s biggest on record.
Asean Business

Vietnam court upholds death sentence for tycoon in billion-dollar fraud case

2024-12-03T05:15:18.000Z
The court ruled in April that Truong My Lan must compensate Saigon Commercial Bank a total of 674 trillion dong – an amount Lan appealed against but still committed to repay “at all costs”.
Asean Business

Vietnam’s death-row property mogul seeks lifeline from Malaysian tycoon Vincent Tan and foreign investors

2024-11-27T12:28:55.000Z
Truong My Lan and 33 other defendants were brought to the court in Ho Chi Minh City early Thursday in a convoy of police vans, as dozens of fraud victims waited outside demanding to be let in to the hearing attended by nearly 100 defence lawyers.
International

Vietnam death row tycoon faces money laundering trial

2024-09-19T10:29:58.000Z
Truong My Lan is appealing the death sentence handed to her in April after she was found guilty in a US$12 billion fraud case.
Asean Business

Vietnam tycoon Truong My Lan faces second trial while appealing death penalty

2024-09-06T11:58:12.000Z
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