Vietnamese tycoon sentenced to death faces fresh fraud trial
The Straits Times|September 20, 2024
The second trial of Vietnamese real estate tycoon Truong My Lan, already facing the death penalty for massive fraud, began on Sept 19, underscoring the new Communist Party chief's determination to press ahead with a crackdown on corruption.

Lan, clad in a blue shirt and wearing a mask, was escorted into the French colonial courthouse by two policewomen.

The hearing started after she and 33 co-defendants who include her husband and niece arrived at the Ho Chi Minh City People's Court in vans, accompanied by a phalanx of siren-blaring police vehicles.

Lan is in good health and has been cooperating with the investigation, according to one of her four lawyers.

The 67-year-old Lan and the others face charges of alleged fraudulent appropriation of property, money laundering, and the illegal transport of currency across international borders in a trial that could last until Oct 19.

She is also charged with allegedly appropriating more than 30 trillion dong (S$1.6 billion) from 35,824 investors through bond issuances.

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