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Amazon S3 on MSNThe $44 Billion Scam That Rocked Vietnam’s Banking SystemVietnamese property tycoon Trong My Lan was sentenced to death for orchestrating a massive $44 billion bank fraud, equivalent ...
Vietnam’s police issued arrest warrants for two former chairs of Saigon Commercial Bank, which experienced a bank run last year after customers feared the lender was tied to a real estate ...
Even though Vietnam law prevented any individuals from owning more than 5% of any bank, Troung My Lan used proxies running hundreds of shell companies to own more than 90% of Saigon Commercial Bank..
But while last year was a “perfect storm” of headwinds for Vietnam, Jens Lottner, CEO of Vietnam Technological and Commercial Joint Stock Bank, or “Techcombank” for short, is bullish on ...
Truong My Lan, chair of major developer Van Thinh Phat, was found guilty of embezzling cash from Saigon Commercial Bank (SCB) over the course of a decade in a case that has stunned the nation.
Vietnam’s central bank will place Saigon Commercial Bank under “special scrutiny” after customers pulled their savings from its branches for several days this week.
Saigon Commercial Bank (SCB) has announced that it has selected BPC as its solution partner in Vietnam, which should accelerate digital transformation in the nation’s fast-growing banking sector.
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