A Vietnamese real estate tycoon was arrested on suspicion of financial fraud, the police said on Saturday, as the country broadens its years-long anti-graft drive.
Truong My Lan, chairwoman of Ho Chi Minh City-based Van Thinh Phat Holdings Group, was accused of illegally issuing bonds to raise trillions of dong (tens of millions of dollars) from investors during the 2018-2019 period, the Ministry of Public Security said in a news release on Saturday.
"Further investigation is underway to clarify the frauds," the ministry said.
