Corruption: An Unwinnable Battle?
Business Today Sri Lanka|June 2024
A seemingly unknown name until April this year, the corruption case of Vietnamese property magnate Truong My Lan gripped the world’s attention.
Jennifer Paldano Goonewardane
Corruption: An Unwinnable Battle?

It was not only for the severity of the sentence she received but the justice system’s success in netting a coterie of influential persons in public office and banking for aiding her decade-long swindling spree.

Vietnamese property tycoon Truong My Lan must have been a genius while oozing oodles of charisma to pull through a national heist that amounted to three percent of her country’s GDP. A decade-long raid on the kitty began in 2012 and ended in 2022 with her arrest, during which she obtained USD 44 billion in illegal loans through the Saigon Commercial Bank (SCB). She was sentenced to death by the court. But she was not alone in the game. Colluding with her were high ranking politicians and public officials who looked the other way while their stretched hands and open palms received millions of dollars. The verdict has become one of the most sensational outcomes of a case that gripped Vietnam, mainly because such a severe sentence was rare for fraud, and so harsh a sentence on a woman was even rarer.

Bu hikaye Business Today Sri Lanka dergisinin June 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Today Sri Lanka dergisinin June 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS TODAY SRI LANKA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Heart To Heart Trust Fund: Saving Lives for a Decade
Business Today Sri Lanka

Heart To Heart Trust Fund: Saving Lives for a Decade

As the Heart To Heart Trust Fund celebrates a decade of transforming lives, it remains a testament to the power of community, compassion, and unwavering dedication.

time-read
5 dak  |
December 2024
Trump Victory fuels 40 percent Surge in Dogecoin Millionaires
Business Today Sri Lanka

Trump Victory fuels 40 percent Surge in Dogecoin Millionaires

Following Donald Trump's 2024 presidential victory, Dogecoin (DOGE) experienced a significant boost, both in price and in the number of millionaire wallets.

time-read
2 dak  |
December 2024
President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program
Business Today Sri Lanka

President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program

The Government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka's economic recovery within the context of the mandate. Peter Breuer, Senior Mission Chief and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the Presidential Secretariat, to discuss the next steps in the IMF program.

time-read
1 min  |
December 2024
Responsibility at the Heart of Power: President Dissanayake's Call to Action for Ministers
Business Today Sri Lanka

Responsibility at the Heart of Power: President Dissanayake's Call to Action for Ministers

The Weight of Responsibility - President Dissanayake highlighted the importance of wielding the immense power granted to ministers with responsibility. He reminded the new Cabinet Ministers that their victory marks the beginning of a collective journey toward uplifting the nation.

time-read
1 min  |
December 2024
BOC PBT is up by 66 percent in Third Quarter of 2024
Business Today Sri Lanka

BOC PBT is up by 66 percent in Third Quarter of 2024

In the first nine months of 2024, the Bank of Ceylon skillfully navigated Sri Lanka's complex economic terrain. The Bank achieved a remarkable Profit Before Tax (PBT) of 37.6 billion rupees, a substantial 66 percent increase over the same period in the previous year. This exceptional performance highlights the Bank's resilience and adaptability in the face of volatile market conditions and numerous challenges.

time-read
2 dak  |
December 2024
Top Trends Tourists Prioritize when Selecting a Destination
Business Today Sri Lanka

Top Trends Tourists Prioritize when Selecting a Destination

The tourism industry has experienced a fundamental shift in recent years, largely influenced by changing traveler preferences and new insights from Online Travel Agencies (OTAs), the World Tourism Organization (WTO), and digital channel managers. As destinations and providers look to cater to these evolving demands, understanding the primary trends is essential for tapping into the modern traveler mindset.

time-read
6 dak  |
December 2024
Vision Care Expands Branch Network with New Wennappuwa City branch
Business Today Sri Lanka

Vision Care Expands Branch Network with New Wennappuwa City branch

Vision Care opened its newest branch in Wennappuwa, further expanding its network of accessible, top-quality vision care services across the country.

time-read
1 min  |
November 2024
People's Bank 'People's Pay' App Now Offers Easy Access to CRIB 'My Report'
Business Today Sri Lanka

People's Bank 'People's Pay' App Now Offers Easy Access to CRIB 'My Report'

In the current fast-paced environment, the ability to promptly access vital information can greatly expedite financial transactions.

time-read
1 min  |
November 2024
HNB Partners with John Keells CG Auto
Business Today Sri Lanka

HNB Partners with John Keells CG Auto

HNB has strategically partnered with John Keells CG Auto (JKCG Auto) to offer innovative leasing solutions for their BYD vehicle range.

time-read
1 min  |
November 2024
Pathfinder Foundation Presents Sinhala Translation of 'The India Way' to Dr. S. Jaishankar, External Affairs Minister of India
Business Today Sri Lanka

Pathfinder Foundation Presents Sinhala Translation of 'The India Way' to Dr. S. Jaishankar, External Affairs Minister of India

The Pathfinder Foundation presented the Sinhala translation of Dr. S. Jaishankar's seminal work, The India Way: Strategies for an Uncertain World, (ඉන්දීය. මාවත අවිනිශ්චිත ලෝකයක උපාය මාර්ග) to the visiting Indian External Affairs Minister during a ceremony in Colombo.

time-read
1 min  |
November 2024