Tycoon Billionaire sentenced to death, after using SCB as a piggy bank
Sixty-seven-year-old, Truong My Lan, a Vietnamese tycoon billionaire has been sentenced to death for draining £22billion from the banking system in Vietnam’s largest ever financial fraud. In the west for financial fraud you go to jail and will be rehabilitated. But in Vietnam you pay the ultimate price death. My Lan who oversaw a merger of three cash strapped lenders to form Saigon Commercial Bank in 2011, created a complex network of shell companies that owned most of its shares. She then made numerous false loan applications via the shell companies which came to account for 93 per cent of … Continue reading Tycoon Billionaire sentenced to death, after using SCB as a piggy bank
