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US dollar53.91EGPEuro60.47EGPBritish pound71.77EGPSaudi riyal14.38EGPUAE dirham14.68EGPKuwaiti dinar173.67EGPJordanian dinar76.03EGPQatari riyal14.81EGPTurkish lira1.09EGPChinese yuan8.05EGPGold 247,144.30EGP/gGold 216,251.26EGP/gGold 185,358.22EGP/gSilver99.24EGP/g

Economy

Vietnam sells disgraced tycoon’s Hermes bags to recoup US$27 billion in damages

By SCMP — Business · May 22, 2026 · 1 min read SCMP — Business ↗

Vietnam sells disgraced tycoon’s Hermes bags to recoup US$27 billion in damages

Vietnam auctioned off two Hermes handbags owned by real estate tycoon Truong My Lan, convicted in the nation’s largest fraud case, for 14.21 billion dong (US$539,000) as efforts to claw back billions of dollars in ill-gotten wealth accelerate.
The government is auditing assets owned by Lan and her affiliates to recoup billions in losses after courts ordered her to repay US$27 billion in damages.
Lan has so far repaid a total of more than 12 trillion dong to about 42,000 bondholders with more…

المصدر: SCMP — Business

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