A real estate tycoon faces even the death penalty in the most high-profile and sensational trial ever held in Vietnam, as befits one of the biggest bank frauds the world has ever seen. Behind the imposing yellow arcade of the Ho Chi Minh City courthouse, the 67-year-old businesswoman is accused of “looting” one of Vietnam's largest banks for 11 years. The numbers involved are staggering. Truong My Lan is accused of taking $44 billion (€41 billion) in loans from Saigon Commercial Bank. Prosecutors say the $27 billion may never be recovered. The normally secretive Communist authorities have been unusually candid about the case, giving detailed information to the media, the BBC reports. 2,700 people have been called to testify in the trial. At the same time, 10 state prosecutors and approximately 200 lawyers are involved in the case. The evidence is in 104 boxes weighing a total of six tons. Eighty […]
Source: News Beast
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