The Latest News from Nigeria and Around the World
Vietnamese property tycoon Truong My Lan looks on at a court in Ho Chi Minh city on April 11, 2024. A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on April 11 in one of the country’s biggest fraud cases over the embezzlement of USD 12.5 billion. A high-profile Vietnamese real estate tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.
Investigators said there were more than 1,000 businesses in the “Van Thinh Phat” ecosystem, including a group of “ghost companies” and a network of interests abroad. Between February 2019 and September 2022, her driver transported the equivalent of more than $4.4 billion in cash from SCB’s headquarters in Ho Chi Minh City to her nearby home and Van Thinh Phat’s head office.
The sweep has been driven by powerful Communist Party General Secretary Nguyen Phu Trong, and more than 4,400 people have been indicted across more than 1,700 graft cases since 2021.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vietnam property tycoon sentenced to death in multi-billion dollar fraud caseA top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.
Read more »
EFCC investigation details multi-billion naira fraud at Nigeria’s Rural Electrification AgencyEFCC probed the alleged fraud indicted Mr Ahmad and other senior officials of stealing or misappropriating about N12.7 billion
Read more »
Kaduna govt denies taking new multi-million dollar foreign loan“The Kaduna State Government, under the leadership of Governor Uba Sani, has not entered into any agreement or received any foreign loan amounting to $17.69 million, as claimed.
Read more »
Top Nigeria Customs Officers Involved in Multi-Billion Naira Corruption ScandalThe article exposes the corruption scandal involving top Nigeria Customs officers. It also discusses the alleged budget padding by Northern senators and the global food crisis exacerbated by climate change and conflict. The conversation between two individuals explores the potential reactions towards the Igbo people.
Read more »
Groups task NNPCL on alleged multi-billion-naira pipeline contractsSome non-governmental organisations (NGOs), at the weekend, decried Nigerian National Petroleum Company Limited’s (NNPCL) supposed inability to make available information on pipeline rehabilitation contracts to Macready Oil and Gas Services Limited two years ago.
Read more »
BREAKING: Court fixes date for Ganduje, wife, son’s arraignment over multimillion dollar fraudA Trusted Nigerian Newspaper
Read more »