Vietnamese Tycoon Truong My Lan Convicted in Second Fraud Case, Sentenced to 12 Years

In a high-profile legal development, Truong My Lan, the prominent Vietnamese billionaire and chairwoman of the real estate giant An Phat Holdings, has been found guilty in her second major trial concerning fraud. A court in Ho Chi Minh City delivered the verdict on October 17, 2024, sentencing her to 12 years in prison.

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