Meant to be a $500-million hotel-office complex, its construction has been on now off now due to frequent changes in ownership.
In what is Lan’s second trial this year, she faces charges of fraudulent asset appropriation, “money laundering,” and illegal cross-border money transfers.
She allegedly defrauded 35,800 bond investors by issuing bonds worth VND30 trillion and never redeeming them.
In the first trial in April she was given the death penalty for embezzling VND677 trillion from Saigon Commercial Bank.
She has appealed the verdict.
From: VnexPress
Real Estate News
