Truong My Lan, chairwoman of Ho Chi Minh City-based property developer Van Thinh Phat Group, has been accused of controlling operations at Saigon Commercial Bank (SCB) to appropriate over VND304 trillion ($12.53 billion), police said on Friday.
October 09, 2023 - 08:44 Listen to the article here An 87-year-old man came to the Bình Thạnh District Police in HCM City last Monday morning to report a fraud related to bonds allegedly committed by one of Việt Nam’s largest property developers. Trần Bữu Nữu, an officer belonging to the Bình Thạnh District police…
An 87-year-old man came to the Bình Thạnh District Police in HCM City last Monday morning to report a fraud related to bonds allegedly committed by one of Việt Nam’s largest property developers.
HCMC-based property developer Van Thinh Phat Group and several other firms misappropriated over VND30 trillion ($1.23 billion) from 42,000 investors via fraud in bond issuance, investigators have concluded.