Vietnamese Real Estate Mogul Given the Death Penalty – IOTW Report

Vietnamese Real Estate Mogul Given the Death Penalty


Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Vietnam Net said.

The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.

Lan illegally controlled Saigon Joint Stock Commercial Bank between 2012 and 2022 and allowed 2,500 loans that resulted in losses of $27 billion to the bank, reported state media VnExpress. The court asked her to compensate the bank $26.9 million. More

15 Comments on Vietnamese Real Estate Mogul Given the Death Penalty

  1. My scion Beau died buying reel stake in Vinneam. No joke, he was protectin the…th…anyway…them Vinnemam gals sure are small! I need a sniff wun, seez if they any gut, but I likes em weak n tender too so the Seacrest Furnace guys don’t have to hold em down so much sos I can get off on their struggles. Where was I? Oh yeah, that Trump guy causing Vinam to sell all their buildings to him. Well get that guy and end his global warning, my word as a…an…you know, the thing!

  2. This might have traumatized some of their young fighting age males. We need to fly them over here and take care of them until they feel strong enough to take over.

  3. Sounds like a great solution to a festering problem over here. You’d only see realtors, lawyers, and bankers affected. Exactly the class of folk who need a cleansing, and I don’t mean with a bran muffin. Of course…who’ll prosecute them given the bribes they’ll lavish on prosecutors?


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