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The Independent UK
The Independent UK
Maroosha Muzaffar

Vietnam to auction tycoon’s Birkin bags to recoup fraud losses

Vietnamese authorities are preparing to sell a collection of luxury assets seized from disgraced real estate tycoon Truong My Lan, as part of an ongoing effort to recover billions lost in one of the largest banking fraud cases in global history.

Two Hermes Birkin handbags made from crocodile skin, along with a luxury yacht and several other high-end items are now under appraisal by Ho Chi Minh City’s Civil Judgment Enforcement Agency – an entity responsible for implementing court decisions in civil disputes.

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