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☆ Vietnamese property tycoon sentenced to death in country’s biggest ever financial fraud, state media reports
▼ + stars: | 2024-04-11 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city on April 11, 2024. The Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country's biggest ever financial fraud case, state media outlet Thanh Nien reported. She was sentenced to death for the embezzlement charges and to 20 years in prison for each of the other two accusations, according to state media. Around $12.3 billion were allegedly funnelled to Van Thinh Phat while other funds were used privately. Alongside Lan, more than 80 other people including central bank officials have been charged in the case for damaging SCB, state media reported.

Persons: Truong, Lan, Van Thinh, Van Thinh Phat, Vietnam's Organizations: Thanh, Van Thinh Phat Holdings Group, Stock Commercial Bank, Reuters, CNBC, Communist Locations: Ho Chi Minh, Saigon

☆ Four killed in Vietnam coal mine collapse
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: 1 min

HANOI, Aug 27 (Reuters) - Four people have been killed in a collapse in a coal mine in Vietnam's mining centre of Quang Ninh, the state-run Thanh Nien newspaper reported on Sunday. The accident happened late on Saturday at a mine operated by Vang Danh Coal Company, a unit of Vietnam's state coal miner Vinacomin, Thanh Nien reported. The newspaper did not give a reason for the collapse. In March a similar accident happened at a Vang Danh-operated mine but no one was killed. Vinacomin said last year that mine accidents killed at least 17 miners in the first nine months of 2022.

Persons: Thanh Nien, Vinacomin, Phuong Nguyen, Robert Birsel Organizations: Thanh Nien, Vang Danh Coal Company, Thomson Locations: HANOI, Quang Ninh, Vang

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