Mastermind of Vietnam's largest financial fraud sentenced to death
HANOI, Vietnam: This week, Van Thinh Phat (VTP) Holdings Group Chairwoman Truong My Lan, the mastermind of Vietnam's largest-ever financial fraud, was sentenced to death after a month-long trial.
Lan and other defendants were found guilty of siphoning off more than $12 billion from large private lender Saigon Joint Stock Commercial Bank (SCB) via loans to shell companies as part of a real estate scam.
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