Property Tycoon Faces Death Penalty Over "Biggest Fraud" In Vietnam

Truong My Lan, chair of major developer Van Thinh Phat, is accused of swindling the cash for over a decade.

A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on Thursday in one of the country's biggest fraud cases over the embezzlement of $12.5 billion.

Truong My Lan, chair of major developer Van Thinh Phat, is accused of swindling the cash from Saigon Commercial Bank (SCB) over a decade.

She and 85 others face verdicts and sentencing in southern business hub Ho Chi Minh City following a five-week trial. The list of co-accused includes former central bankers, ex-government officials and previous SCB executives.