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THE TRUTH ABOUT: Vietnam s multi billion dollar fraud case key things to know | History Defined

Truong My Lan SCB Vietnam Nguyen Phu Trong Corruption Ho Chi Minh City

Truong My Lan, chair of major developer Van Thinh Phat, was found guilty of embezzling cash from Saigon Commercial Bank (SCB) over the course of a decade (Credit: AFP)

A high-profile Vietnamese real estate tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

Truong My Lan, chair of major developer Van Thinh Phat, was found guilty of embezzling cash from Saigon Commercial Bank (SCB) over the course of a decade in a case that has stunned the nation.

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