Tycoon's Tantrums: The Hermes Bag Sell Off as Symbol of Corruption Vietnam's decision to sell off disgraced tycoon Truong My Lan's luxury goods has sparked a mix of reactions, from schadenfreude to outrage.
This high profile auction is more than just a quirky side story – it's a symptom of a deeper rot. Lan's embezzlement from Saigon Commercial Bank was staggering: $12. 3 billion.
However, the real figure that has everyone talking is the $27 billion in damages she's ordered to repay.