Search results
Results from the Tech24 Deals Content Network
Trương Mỹ Lan ( Chinese: 張美蘭, born 13 October 1956) is a Vietnamese businesswoman and convicted criminal. She is the founder of Vạn Thịnh Phát Group, a real estate development group. In October 2022, she was arrested for using fake loan applications to embezzle more than US$12.5 billion from Sai Gon Joint Stock Commercial Bank ...
Sai Gon Joint Stock Commercial Bank or Saigon Commercial Bank, abbreviated as SCB ( Vietnamese: Ngân hàng Thương mại cổ phần Sài Gòn ), [ 3] is the largest commercial bank in Vietnam by assets, founded in 2012 and headquartered in Ho Chi Minh City. [ 4][ 5][ 6] It was founded by the fusion of 3 small banks and was controlled by ...
Nugan Hand Bank was an Australian merchant bank that collapsed in 1980 after the suicide of one of its founders, Australian lawyer Francis John Nugan, resulting in a major scandal. [1] News stories suggested that the bank had been involved in illegal activities, including drug smuggling, arranging weapons deals, and providing a front for the ...
From its software house in Vietnam, 1Byte devised a network of fake identities with forged American passports to cash out customer payments into bank accounts they controlled. It seemed like the ...
The first public reports of these attacks came from thefts from Bangladesh central bank and a bank in Vietnam.. A $101 million theft from the Bangladesh central bank via its account at the New York Federal Reserve Bank was traced to cyber criminals exploiting software vulnerabilities in SWIFT's Alliance Access software, according to a New York Times report.
Earlier this year, a Vietnamese court sentenced Truong My Lan, a property developer, to death for siphoning off $44 billion from Saigon Commercial Bank between 2012 and 2022.
Corruption in Vietnam is pervasive and widespread, due to weak legal infrastructure, financial unpredictability, and conflicting and negative bureaucratic decision-making. Surveys from 2015 revealed that while petty corruption decreased slightly throughout the country, high-level corruption significantly increased as a means of abuse of ...
The famous Guiding Hand Social Club heist of 2005, Ricdic's EBank scandal and last year's massive 800 billion ISK Titans4U scam are just a few of the most high-profile thefts and scams to hit the ...