Vietnam tycoon on death row for massive fraud illegally moved money overseas, police say

FILE PHOTO: A logo of Saigon Joint Stock Commercial Bank (SCB) is seen in front of an under-construction building in Ho Chi Minh City, Vietnam, November 30, 2023. REUTERS/Francesco Guarascio/File Photo

HANOI (Reuters) - Vietnam real estate tycoon Truong My Lan, sentenced to death in the country's largest-ever financial fraud case, had illegally transferred money abroad, according to police, with state media on Thursday reporting $4.5 billion had been moved.

Police said late on Wednesday an investigation into those transfers and money laundering has been completed, but gave no further details.