Vietnam Property Tycoon Await Verdict in $12.5B Fraud Case

12 Apr 2024 CW Team

A prominent property tycoon in Vietnam is awaiting the verdict in a high-profile $12.5 billion fraud case. The outcome of this trial holds significant implications for the real estate sector and the broader business landscape in Vietnam.

The property tycoon is accused of involvement in a massive fraud scheme, which allegedly resulted in substantial financial losses and widespread repercussions. The trial has garnered significant attention, highlighting the importance of combating corruption and upholding integrity in business practices.

The verdict in the fraud case will determine the accountability of the property tycoon and may have far-reaching consequences for investor confidence and regulatory enforcement in Vietnam. It underscores the government's commitment to addressing financial misconduct and promoting transparency in the real estate industry.

The outcome of the trial is eagerly awaited by stakeholders across various sectors, as it will provide clarity on the extent of accountability and the implications for business operations in Vietnam. The trial serves as a reminder of the importance of ethical conduct and compliance with regulatory standards in the business environment.

As the verdict in the $12.5 billion fraud case draws near, the trial represents a pivotal moment in Vietnam's efforts to strengthen governance and foster a conducive environment for sustainable economic growth. The outcome will shape perceptions of the country's business climate and its commitment to combating financial crime.

Infrastructure Transport

25 Jul 2025

State Clears International Loan Guarantee for Six Mumbai Metro Corridors

The Maharashtra government has approved a financial framework allowing the Mumbai Metropolitan Region Development Authority (MMRDA) to raise international loans against six on-going Metro projects. The move is expected to expedite infrastructure development across key corridors in the Mumbai region.The corridors that will benefit from this funding mechanism include Metro Line 5 (Thane–Bhiwandi–Kalyan), Line 6 (Swami Samarth Nagar–Vikhroli), Line 7A (Dahisar East–Mumbai Airport), Line 9 (Dahisar East–Mira Bhayander), Line 10 (Gaimukh–Shivaji Chowk, Mira Road), and Line 12 (Kalyan–..

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..