Tag: Ho Buu Phuong

Vietnam’s Largest Embezzlement Case: Truong My Lan Charged In $12.5 Billion Banking Scandal With Espionage Allegations Against China!

Corruption Guest Contributor - December 19, 2023

The Vietnam Supreme Procuracy issued an indictment on Friday against Truong My Lan, Chairwoman of Van Thinh Phat Group, along with 85 alleged accomplices in the Saigon Joint Stock Commercial Bank (SCB) embezzlement case. This case is recognized as one of Vietnam's most significant corruption scandals, with the embezzled funds representing approximately 6% of the nation's GDP. In this case, authorities raised espionage allegations against China.

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