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US dollar49.92EGPEuro57.26EGPBritish pound66.01EGPSaudi riyal13.31EGPUAE dirham13.59EGPKuwaiti dinar162.03EGPJordanian dinar70.41EGPQatari riyal13.71EGPTurkish lira1.07EGPChinese yuan7.36EGPGold 246,638.33EGP/gGold 215,808.54EGP/gGold 184,978.75EGP/gSilver102.12EGP/g

Economy

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

By rivo_admin · May 22, 2026 · 1 min read

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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