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$12.5 billion bank heist accused mastermind faces death penalty

by Abhilash Singh

A prominent Vietnamese property developer and former state bank official is facing the death penalty after being accused of stealing $12.5 billion from Saigon Commercial Bank (SCB). Truong My Lan, chair of the major developer Van Thinh Phat, was arrested in October 2022 in a high-profile corruption crackdown by Vietnam’s authorities. The 85 other defendants […]

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