A look at Temu’s murky business model
FT News Briefing
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The Implications of a Major Financial Fraud in Vietnam
This chapter explores the monumental fraud case involving property tycoon Trinh Milan, who is accused of embezzling $12.5 billion amidst a backdrop of a significant anti-corruption campaign in Vietnam. The scandal raises concerns over its potential impact on the country's economy, particularly affecting its property and corporate bond markets.
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