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Vietnamese real estate tycoon sentenced to life for billions in fraud in government graft crackdown

Associated Press

HANOI, Vietnam (AP) — A Vietnamese real estate tycoon has been convicted of fraudulently obtaining property worth billions of dollars and sentenced to life in prison in a case that has been a centerpiece of the government’s crackdown on corruption. Truong My Lan was already convicted in April by the same Ho Chi Minh City court of fraud amounting to $12.5 billion — nearly 3% of the country’s gross domestic product — in a separate case and sentenced to death by lethal injection. Thursday’s verdict adds to Lan’s legal troubles as she awaits the appeal of her death sentence to be heard.

Article Topic Follows: AP National

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Associated Press

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