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Vietnamese real estate tycoon sentenced to death for corruption

  • April 11, 2024
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Radio France International.- The jury rejected all defense arguments. Truong Moi LanVan Thinh Phat real estate executive accused of fraudAegon Commercial Bank (SCB) for over ten years. “The

Radio France International.- The jury rejected all defense arguments. Truong Moi LanVan Thinh Phat real estate executive accused of fraudAegon Commercial Bank (SCB) for over ten years.

“The actions of the accused (…) undermined people’s trust in the leadership of the (Communist) Party and the state,” the jury’s decision, reported by the state press, said.

Lan was one of There are 86 defendants in the caseor, including former central bankers, former government officials and former SBC executives.

The trial took place over five weeks in the southern city Ho Chi Minh.

Lan and 85 others were charged with various crimes: corrupt practices And abuse of force theft and violation of banking legislation.

Photo: EFE | Vietnamese tycoon Truong My Lan in Ho Chi Minh City court

Lan allegedly misappropriated $12.5 billionbut prosecutors said Thursday that the total damage caused by the scheme reaches 27,000 millionequivalent 6% of Vietnam’s GDP in 2023.

The businesswoman denied the accusations and blamed her subordinates for the incident.

She and the other defendants were arrested as part of a national campaign against corruption.

In his final statement to the court last week, he suggested he was thinking about suicide. “In despair, I thought about death,” Lan said, according to state media.

“I am so angry that I was so stupid that I got involved in this cutthroat business environment, the banking sector, which I have little knowledge about,” she added.

Source: Aristegui Noticias

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