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International Business Times
International Business Times
Business
AFP News

Vietnam Property Tycoon On Trial In $12.5 Billion Fraud Case

Truong My Lan is said to have swindled the cash from Saigon Commercial Bank (SCB) over the course of a decade, leaving unsuspecting investors out of pocket (Credit: AFP)

A top Vietnamese property tycoon went on trial Tuesday along with dozens of others, accused of embezzling $12.5 billion in the country's biggest ever fraud case.

Truong My Lan, chair of major developer Van Thinh Phat, is said to have swindled the cash from Saigon Commercial Bank (SCB) over the course of a decade, leaving unsuspecting investors out of pocket.

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