Property tycoon sentenced to death in Vietnam’s largest fraud trial

The arrest in October 2022 of Truong My Lan, front centre, was among the most high-profile in an ongoing anti-corruption drive in the country (Thanh Tung/VnExpress via AP)

A property tycoon has been sentenced to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case, state media said.

Truong My Lan, 67, chair of real estate company Van Thinh Phat (VTP), was accused of fraud amounting to 12.5 billion US dollars (£10 billion) — nearly 3% of the country’s 2022 GDP.