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Novaland refuses Truong My Lan demand for $100M debt repayment

Novaland refuses Truong My Lan demand for $100M debt repayment

Property developer Novaland has rejected a demand by property tycoon Truong My Lan to pay her VND2.5 trillion (US$100 million), saying there is no legal basis for it.
‘I accept my destiny’, property tycoon Truong My Lan tells court in tears

‘I accept my destiny’, property tycoon Truong My Lan tells court in tears

Truong My Lan, who might be awarded a life imprisonment, told the court in tears that she never expected her life to end this way but accepted her “destiny.”
October 4, 2024 | 09:23 pm PT
Life sentence recommended for property tycoon Truong My Lan

Life sentence recommended for property tycoon Truong My Lan

Prosecutors on Friday recommended a combined sentence of life imprisonment for property tycoon Truong My Lan, who allegedly committed three crimes repeatedly using sophisticated methods.
October 3, 2024 | 08:09 pm PT
How difficult is it to obtain the Hermès albino crocodile bag property tycoon Truong My Lan seeks to reclaim?

How difficult is it to obtain the Hermès albino crocodile bag property tycoon Truong My Lan seeks to reclaim?

Even “top buyers” at Hermès may struggle to acquire albino crocodile bags, which property tycoon Truong My Lan has demanded back following their seizure during an investigation.
October 2, 2024 | 03:35 am PT
Property tycoon Truong My Lan wants assets unfrozen to compensate bond scam victims

Property tycoon Truong My Lan wants assets unfrozen to compensate bond scam victims

Truong My Lan has requested the court to unfreeze her assets so that she can pay compensation to victims of her bond scams for which she is on trial.
October 1, 2024 | 03:19 pm PT
How expensive is the Hermès albino crocodile bag property tycoon Truong My Lan wants back?

How expensive is the Hermès albino crocodile bag property tycoon Truong My Lan wants back?

The Hermès albino crocodile bags, which property tycoon Truong My Lan has requested to be returned following their confiscation during an investigation, typically sell for six-figure sums.
October 1, 2024 | 03:19 pm PT
‘Money moved overseas did not belong to SCB’: property tycoon Truong My Lan

‘Money moved overseas did not belong to SCB’: property tycoon Truong My Lan

Property developer Truong My Lan told a court Thursday that the US$4.5 billion she transferred to other countries and received back belonged to her and not Saigon Commercial Bank.
September 27, 2024 | 02:31 am PT
Property tycoon Truong My Lan requests return of Hermes bags

Property tycoon Truong My Lan requests return of Hermes bags

Property tycoon Truong My Lan has requested a court to return to her two Hermes albino crocodile bags, among other assets, that were confiscated during the investigation.
September 26, 2024 | 11:57 pm PT
Property tycoon Truong My Lan denies using allegedly stolen $17.5B for her needs

Property tycoon Truong My Lan denies using allegedly stolen $17.5B for her needs

Truong My Lan, chairwoman of property developer Van Thinh Phat, has denied using for her personal needs or for her company the VND445.75 trillion ($17.5 billion) she allegedly misappropriated from Saigon Commercial Bank.
September 25, 2024 | 11:50 pm PT
‘Friend in US’ offers loan to Truong My Lan to compensate bond fraud victims

‘Friend in US’ offers loan to Truong My Lan to compensate bond fraud victims

An unidentified American “friend” of property tycoon Truong My Lan wants to lend money to help her compensate victims of her company’s bond fraud.
September 25, 2024 | 12:56 am PT
Truong My Lan offers HCMC ‘mega project’ to compensate defrauded bond buyers

Truong My Lan offers HCMC ‘mega project’ to compensate defrauded bond buyers

Chairwoman of property developer Van Thinh Phat Truong My Lan has offered nearly 300 assets, including a 11,000-square-meter “mega project” in downtown HCMC, to compensate bond fraud victims at her latest trial.
September 24, 2024 | 06:39 pm PT
Truong My Lan offers personal assets to compensate bond fraud victims, denies culpability

Truong My Lan offers personal assets to compensate bond fraud victims, denies culpability

Truong My Lan has denied accusations she masterminded a VND30-trillion ($1.2 billion) bond scheme fraud, but expressed willingness to use her personal assets to compensate victims.
September 23, 2024 | 08:10 pm PT
'Our family members bought fraudulent bonds': SCB leaders who abetted Truong My Lan

'Our family members bought fraudulent bonds': SCB leaders who abetted Truong My Lan

Two top executives of Saigon Commercial Bank stated they were unaware of the fraudulent nature of Truong My Lan's bond scheme at the time and said that their own family members were among the victims.
September 22, 2024 | 08:35 pm PT
Truong My Lan's niece tells court she 'did not want' to defraud anyone

Truong My Lan's niece tells court she 'did not want' to defraud anyone

Property tycoon Truong My Lan’s niece has admitted to assisting her in defrauding thousands of bond buyers, but claimed she was unaware of her aunt’s scheme.
September 22, 2024 | 02:43 pm PT
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