Current location:entertainment >>
Van Thinh Phat chairwoman sentenced to death in Vietnam’s biggest fraud trial — Radio Free Asia
entertainment48686People have gathered around
IntroductionTruong My Lan, the chairwoman of Vietnamese developer Van Thinh Phat, has been sentenced to death fo ...
Truong My Lan, the chairwoman of Vietnamese developer Van Thinh Phat, has been sentenced to death for masterminding a multi-billion-dollar fraud, state-controlled media reported Thursday.
Judges at Ho Chi Minh City’s People’s Court said she was guilty of bribery, embezzlement and violating banking regulations.
Lan owned a 91.5% stake in Saigon Commercial Bank and, over the course of 10 years, ordered bank officials to approve more than 2,500 loans to shell companies she controlled, causing the bank to lose the equivalent of US$27 billion.
Lan ordered subordinates to bribe auditors at the State Bank of Vietnam to cover her tracks.
Head banking inspector Do Thi Nhan received $5.2 million in bribes, while deputy chief inspector Nguyen Van Hung received $300,000, state media said.
A family member told Reuters Lan planned to appeal the verdict.
Edited by Elaine Chan.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Circuit news portal”。http://laos.argoasecurityeu.com/html-3f199909.html
Related articles
White Sox recall Mike Clevinger from Triple
entertainmentST. PETERSBURG, Fla. (AP) — Right-hander Mike Clevinger was recalled by the Chicago White Sox from T ...
Read moreYou could miss out on the dream of retiring to Spain
entertainmentGraham Hall was looking forward to villa hunting next month in sun-drenched Javea, a historic Spanis ...
Read moreA neglected burial ground for migrants on Greek island of Lesbos has been given a drastic overhaul
entertainmentLESBOS, Greece (AP) — Most drowned making the hazardous sea crossing from nearby Turkey, while other ...
Read more
Popular articles
- Nutrition experts add traffic light health labels to famous food paintings
- Garland defends Biden's mental fitness and says he has 'complete confidence' in him
- The OTHER glamorous aide supporting Trump at his trial: Meet his golf partner Natalie Harp
- Massive rockfall hits luxury development site in Cornwall earmarked for seven £1m new homes
- Congo military releases 2 Kenya Airways staffers held for 2 weeks over cargo dispute
- DEAR JANE: I HATE my boyfriend's awful pet name for me
Latest articles
Rise of David Lloyd's 'two
Meghan's fruity flop? Only THREE unfamous faces out of 50 chosen jam
How much of England's motorway network has no hard shoulder? This map reveals all...
A neglected burial ground for migrants on Greek island of Lesbos has been given a drastic overhaul
Hugh Jackman shares heartwarming family birth
Gujarat crashes to 89 all out against Delhi, loses IPL game by 6 wickets at home
LINKS
- New channel of China
- Flight show held in Zadar, Croatia
- Washington's anti
- Washington's anti
- Xi Story: Beacon of China's Reform and Opening up, Shenzhen Prospers Under Xi
- Sky Pool links residential blocks in south London
- China's foreign trade rebounds amid stronger economic recovery momentum
- China's first self
- Pentagon chief orders U.S. airlines to assist Afghan evacuation
- Olives link northwest China with world