The boss of a Vietnam property investment firm was found to have cheated 42,000 investors and sentenced to death in Ho Chi Minh City on Thursday with the government saying her actions led to over VND 677 trillion ($27 billion)… Read More>>
Hong Kong’s Eric Chu Nap-Kee to Stand Trial in $12B Vietnam Corruption Case
Hong Kong investor Eric Chu Nap-kee saw the $819 million sale of his Nexxus Building in the city’s Central district rank as Asia Pacific’s second-biggest real estate asset sale of 2023, but he will struggle to enjoy that victory as… Read More>>
Family of Jailed Vietnamese Tycoon Sells Hong Kong’s Nexxus Building for $819M
The family of jailed Vietnamese property tycoon Truong My Lan has sold a grade A office building in Hong Kong’s Central district to entities linked to a Taiwanese tech tycoon for a reported HK$6.4 billion ($819 million), as the family… Read More>>
Vietnam Tracking Down Van Thinh Phat Assets at Home and Abroad
Having earlier this month charged former Van Thinh Phat boss Truong My Lan and 85 co-defendants with embezzling VND 304 trillion ($12 billion), Vietnamese authorities now say they are tracking the company’s laundering of its ill-gotten cash through real estate… Read More>>
Jailed Vietnamese Property Tycoon, 85 Accomplices Indicted for Allegedly Embezzling $12B
Jailed Vietnamese property tycoon Truong My Lan, whose family built a cache of properties in Hong Kong and Singapore worth hundreds of millions of dollars, has been indicted with 85 co-defendants on charges of embezzling VND 304 trillion ($12 billion)… Read More>>