Vietnam Property Tycoon Faces Trial Over $12.5 Billion Fraud

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A Vietnamese court will try prominent businesswoman Truong My Lan in a case of alleged fraud that resulted in trillions of dong in losses to a local lender.

The case against Lan, chairwoman of developer Van Thinh Phat Holdings Group, will be heard by the Ho Chi Minh City People’s Court, according to the indictment document posted on a government website. It didn’t specify when the trial will commence.

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