The Business Times

Truong My Lan

ASEAN Business

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

Vietnamese property tycoon Truong My Lan (in blue) looks on at a court in Ho Chi Minh City, Vietnam, March 25, 2025.
ASEAN Business

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

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

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

Truong My Lan (centre), the chairwoman of real estate developer Van Thinh Phat Holdings Group, was sentenced to death in April for her role in a financial fraud worth more than US$12 billion, Vietnam’s biggest on record.
ASEAN Business

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

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

epa11272153 Truong My Lan, chairwoman of Van Thinh Phat Holdings, sits during her trial at the Ho Chi Minh City People's Court in Ho Chi Minh City, Vietnam, 11 April 2024. Vietnamese tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for one of the country's largest fraud cases, which involves the embezzlement of USD 12.5 billion from Saigon Commercial Bank, according to state media. EPA-EFE/STRINGER
International

Vietnam death row tycoon faces money laundering trial

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

Truong My Lan, the chairwoman of Van Thinh Phat (VTP) Group, one of Vietnam’s most influential real estate empires, was brought to court for allegedly misappropriating 304 trillion dong (S$16.54 billion) from Saigon Commercial Bank.
SpotlightProperty

Vietnam property tycoon sentenced to death in multibillion-dollar fraud case

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