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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..