Tag: Saigon Commercial Bank

Vietnamese property tycoon Truong My Lan, 68, recently denied an appeal against her death sentence, is now challenging a life sentence in a separate case where she was convicted of large-scale money laundering, according to state media reports on Thursday (Dec 12). Lan is a prominent figure in Vietnam's property sector and the former head of Saigon Commercial Bank (SCB), which prosecutors assert she covertly controlled.

Disgraced Vietnamese real estate tycoon Truong My Lan and 33 associates are facing fresh money laundering charges in a month-long trial after orchestrating one of the largest fraud schemes in Vietnam’s history, with over 36,000 victims impacted. The ongoing anti-corruption drive has targeted high-profile individuals across sectors, with Lan’s case being a centerpiece of this effort.