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11-10-2022, 11:29 AM
A Vietnamese tycoon linked to Singapore’s Viva Land, who has has partnered with Li Ka-Shing’s CK Asset, was arrested by police in Ho Chi Minh City on Saturday on charges of swindling investors out of trillions of Vietnamese dong. (VND 1 trillion equals approximately $41 million).
Truong My Lan, founder and chairwoman of private investment firm Van Thinh Phat Group Joint Stock Company (VTP), along with three associates, is accused of illegally issuing financial instruments and fraudulently collecting funds from investors from 2018 through 2019, the country’s Ministry of Public Security said in a statement on Saturday.
Truong My Lan, founder and chairwoman of private investment firm Van Thinh Phat Group Joint Stock Company (VTP), along with three associates, is accused of illegally issuing financial instruments and fraudulently collecting funds from investors from 2018 through 2019, the country’s Ministry of Public Security said in a statement on Saturday.
