Vietnam arrests real estate tycoon over financial frauds


  • World
  • Saturday, 08 Oct 2022

HANOI (Reuters) - A Vietnamese real estate tycoon was arrested on suspicion of financial fraud, the police said on Saturday, as the country broadens its years-long anti-graft drive.

Truong My Lan, chairwoman of Ho Chi Minh City-based Van Thinh Phat Holdings Group, was accused of illegally issuing bonds to raise trillions of dong (tens of millions of dollars) from investors during the 2018-2019 period, the Ministry of Public Security said in a news release on Saturday.

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