Tycoon sentenced to death


Alleged linchpin: Lan being escorted by security officers at a court in Ho Chi Minh City. — AFP

A top property tycoon was sentenced to death in one of the biggest corruption cases in history, with an estimated US$27bil (RM128.1bil) in damages.

A panel of three hand-picked jurors and two judges rejected all defence arguments by Truong My Lan, chair of major developer Van Thinh Phat, who was found guilty of swindling cash from Saigon Commercial Bank (SCB) over a decade.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Vietnam

Next In Aseanplus News

Asean customs meeting in Brunei focuses on resilience
Thais on a high: Gutsy Buriram Utd silence JDT in Johor Baru in first leg semis of Asean Club Championship Shopee Cup
Rafizi to return to MACC for fourth day Thursday
Japan fires missile in joint drill with US and allies in northern Philippines, facing South China Sea
Bangladeshi worker gets jail, caning for sexually assaulting domestic helper near her employer’s home in Singapore
Asean News Headlines at 10pm on Wednesday (May 6, 2026)
Elderly scam victims lose HK$850,000 on average, but ones who know finance lose more
Explainer-What is the hantavirus that killed three cruise ship passengers?
Freedom Flotilla's four vessels continue Gaza mission through Greek waters
UN calls for immediate, unconditional release of detained GSF members

Others Also Read