Vietnamese Real Estate Tycoon Facing Trial in Embezzlement Case 

The State Bank of Vietnam, the nation's central bank, is pictured in Hanoi, July 27, 2023. Truong My Lan is alleged to have siphoned money from Saigon Joint Stock Commercial Bank for years through her connections at the State Bank of Vietnam, local media have reported. The view down Nguyen Hue street in Ho Chi Minh City, where Truong My Lan owns multiple buildings, including the Times Square building in the distance.

Vietnamese real estate tycoon Truong My Lan is set to go on trial next month, along with 85 alleged accomplices, on charges of embezzling about $12.5 billion from Saigon Joint Stock Commercial Bank.