Vietnam Real Estate Tycoon Sentenced to Death for $12.5 Billion Fraud Case

Real estate tycoon Truong My Lan was sentenced to death in Vietnam's largest financial fraud case, involving $12.5 billion in fraud. Lan controlled Saigon Joint Stock Commercial Bank illegally, resulting in $27 billion in losses. Her family members also received prison sentences. The case shocked the nation and raised concerns about the country's economic outlook.

Vietnam's Largest Financial Fraud Case and Anti-Corruption Drive

Real estate tycoon Truong My Lan was sentenced to death in Vietnam's largest financial fraud case, involving $12.5 billion. The anti-corruption drive in Vietnam has intensified since 2022, with high-profile arrests and resignations. The scale of the scam has raised concerns about the country's economic outlook and foreign investment.

Allegations of Money Laundering Against Lebanon's Prime Minister

French anti-corruption groups file a complaint against Lebanon's prime minister Najib Mikati for alleged money laundering, questioning the origin of funds transited through the French banking system. Mikati denies the allegations and defends his family's integrity and transparency in business dealings.

Vietnam President Vo Van Thuong Resigns Amid Anti-Corruption Campaign

Vietnam's President Vo Van Thuong resigns after a little over a year in office amid an intense anti-corruption campaign affecting the Communist Party. His departure raises concerns for political stability in a country pivotal in U.S.-China competition and global manufacturing.

Impeachment of Peruvian President Martin Vizcarra

Peruvian President Vizcarra survived an impeachment vote amid a scandal involving covertly recorded audios. The opposition failed to gather enough support to oust him, citing the timing amidst a health and economic crisis. Vizcarra's anti-corruption agenda may face obstacles despite the win.