Property Tycoon Accused of Embezzling $12 Billion in Vietnam

Twenty-four government inspectors — whose jobs are responsible for ensuring the health and safety of the banking system — are alleged to have taken Lan’s money to cover up violations.

The woman behind Van Thinh Phat Group, one of Vietnam’s most moneyed real estate empires, now awaits a trial starting on March 5 — and a possible death sentence or imprisonment if found guilty.

Bloomberg 3 March 2024

https://www.bloomberg.com/news/articles/2024-03-03/vietnam-s-biggest-fraud-case-accuses-property-tycoon-of-embezzling-12-billion


Defense Secretary Donald H. Rumsfeld and Vietnamese Minister of Defense Gen. Pham Van Tra participate in a ceremony officially welcoming Rumsfeld to Hanoi


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