Hanoi: A multi-billion-US dollar fraud scandal involving one of Vietnam’s most prominent tycoons has exposed systemic weaknesses in the country’s banking sector, say analysts who warn other such cases could yet emerge.
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 (SCB), which she controlled, having borrowed from tens of thousands of small investors.
