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Vietnam property tycoon sentenced to death over fraud

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Saigon. (Ho Ngoc Binh/Getty)

Saigon. (Ho Ngoc Binh/Getty)

A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion (R507 billion) in damages.

A panel of three hand-picked jurors and two judges rejected all defence arguments by Truong My Lan, chair of major developer Van Thinh Phat, who was found guilty of swindling cash from Saigon Commercial Bank (SCB) over a decade.

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