Skip to main content
See every side of every news story
Get Started
SubscribeLogin
Published • loading... • Updated

Truong My Lan: Vietnam to Sell Tycoon's Hermès Birkin Bags to Offset Fraud Losses

Vietnamese authorities auction over 1,200 seized assets, including a $1.9 million yacht and luxury bags, to recover $27 billion lost in one of the world's largest fraud cases.

Summary by BBC News
Lan had tried to hold on the bags, saying she wanted to leave them as "keepsakes" for her children.

4 Articles

thairath.co.ththairath.co.th
Lean Right

Vietnam Is Preparing to Auction Off Hermes Bags and Yachts Belonging to Real Estate Mogul Truong My Lan as She Pays Compensation in a Fraud Case.

Vietnamese authorities are rushing to sell off luxury assets belonging to Truong My Lan, including Hermes Birkin bags and yachts, to raise tens of billions of dollars in damages from one of the world's largest corruption cases.

Read Full Article
BBC NewsBBC News
Center

Truong My Lan: Vietnam to sell tycoon's Hermès Birkin bags to offset fraud losses

Lan had tried to hold on the bags, saying she wanted to leave them as "keepsakes" for her children.

·United Kingdom
Read Full Article
The Straits TimesThe Straits Times
Lean Right

Vietnam to sell tycoon’s yacht and Hermes bags to pay for fraud

Lan told judges that the purses were personal but the court ruled the handbags were the result of illicit gains. Read more at straitstimes.com.

·Singapore
Read Full Article
Business TimesBusiness Times

Vietnam to sell tycoon Truong My Lan’s yacht and Hermes bags to pay for fraud

Apart from imprisonment, Lan has to pay about US$27 billion in reparations

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources lean Right
67% Right

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Business Times broke the news in on Thursday, January 29, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

Corruption icon

Corruption

International Waters icon

International Waters

Vietnam icon

Vietnam

News
Feed Dots Icon
For You
Search Icon
SearchBlindspot LogoBlindspotLocal