Nguyen Thi Thanh Nhan, 54, former chairwoman and general director of Hanoi-based Advanced International Joint Stock Company (AIC Group), was sentenced in absentia to 30 years of imprisonment

The HCM City People Court on December 29 sentenced Nguyen Thai Luyen, 36, chairman of the Board of Directors of Alibaba Company, to life imprisonment for property fraud, causing more than 4,500 victims to lose over US$101 million.

The Hanoi People’s Procuracy on December 24 proposed sentencing Nguyen Thi Thanh Nhan, former chairwoman of Advanced International JSC (AIC), to 30 years behind bars.

The HCM City People’s Procuracy on December 19 proposed life imprisonment for Nguyen Thai Luyen, chairman of Alibaba Company, for property fraud and money laundering that caused over 4,500 victims to lose over US$101 million.

Real estate is a profitable business field, but not all investors can earn huge profits.

The news about Nguyen Ngoc Thuy and the crisis of the Apax English system shows that the ambition of rapid business development can have high risks if the business is not administered well.

Investors and customers of SCB have been assured that their rights and interests will not be affected by the decision to prosecute Van Thinh Phat Group for "fraudulent appropriation of property" related to the issuance and sale of bonds.