van thinh phat scandal

Update news van thinh phat scandal

Luxury yachts linked to Truong My Lan set for auction in June

Ho Chi Minh City authorities will auction three luxury vessels linked to Truong My Lan on June 18 as part of efforts to enforce court judgments in the Van Thinh Phat case.

Truong My Lan’s dismantled Maybach sold for $640,000 at auction

A luxury Maybach once owned by convicted property tycoon Truong My Lan has been auctioned for more than VND16.652 billion ($640,000), despite being partially dismantled and unused for over two years.

Truong My Lan’s rare Hermès bags fetch more than $554,000 at auction

A rare diamond-studded Hermès handbag once owned by Truong My Lan sold for $456,000 after 119 bids in Ho Chi Minh City.

More than $68 million repaid to Van Thinh Phat bondholders in ninth payout

Authorities in Ho Chi Minh City have completed the ninth compensation payout to bondholders affected by the Van Thinh Phat case, disbursing VND1.732 trillion ($68 million) to 42,574 victims.

Vietnam bank auctions $47 million factory tied to Truong My Lan

A major agricultural processing factory in Tay Ninh connected to the Van Thinh Phat case is set to go under the hammer as banks continue efforts to recover debts.

Authorities auction luxury vehicles seized from Truong My Lan

Civil enforcement authorities in Ho Chi Minh City have announced plans to auction three luxury vehicles linked to convicted businesswoman Truong My Lan, chairwoman of Van Thinh Phat Group, later this month.`

Truong My Lan’s rare Hermès bags to go under the hammer

The Ho Chi Minh City Civil Judgment Enforcement Department has announced an auction for two rare white Hermès handbags previously owned by Truong My Lan.

Luxury cars tied to Truong My Lan set for auction in Ho Chi Minh City

The Ho Chi Minh City Civil Judgment Enforcement Department has announced plans to select an auction organization to sell three luxury cars linked to convict Truong My Lan, 70, chairwoman of Van Thinh Phat Group, along with related companies.

Seized Hermès bags in Truong My Lan case set for valuation review

Authorities in Ho Chi Minh City have announced the official valuation of two white Hermès handbags belonging to Truong My Lan, placing their combined value at nearly VND4 billion (US$160,000).

Over $10 million paid to bondholders in eighth round of Van Thinh Phat case

On February 5, the HCM City Civil Judgment Enforcement Department announced it had completed the eighth round of payments to bondholders in the high-profile Van Thinh Phat case, involving businesswoman Truong My Lan and her associates.

Nearly 30% of Van Thinh Phat restitution paid as fourth payout begins

Ho Chi Minh City authorities continue enforcement in the Van Thinh Phat case, disbursing nearly USD 12.3 million to over 42,000 bondholders.

Over 41,000 bondholders paid in Van Thinh Phat case

Nearly USD 312 million has been disbursed, with another USD 47.5 million frozen in banks.

Vietnam abolishes death penalty for 8 crimes: Will Truong My Lan be spared?

A new law abolishing death sentences for select crimes may affect high-profile cases like Truong My Lan’s.

Over USD 17 million in Van Thinh Phat compensation awaits rightful claimants

Thousands have yet to collect their court-ordered payments as savings accounts hold the unclaimed funds.

Foreign firms back $10 billion SCB restructuring tied to Truong My Lan case

Van Thinh Phat-led investors pledge billions to fix SCB and repay massive fraud damages.

Truong My Lan proposes USD 3 billion recovery plan from prison

Foreign investors meet with convicted businesswoman to aid SCB’s restructuring.

Vietnam begins record compensation payout in Truong My Lan bond fraud case

Authorities have started compensating over 43,000 victims in one of Vietnam’s largest financial crime cases involving Truong My Lan.

Business tycoon on death row disputes state asset valuations

From detention, Truong My Lan requests a fair valuation of her assets, citing discrepancies that could increase state recovery.

Truong My Lan’s death sentence upheld, must pay $1.2M court fees

Despite a sentence reduction for fraud, Vietnam’s most high-profile financial criminal remains on death row.

Truong My Lan says foreign partners ready to help recover assets

Court hears final plea from Truong My Lan, who highlights support from international investors.