Vietnam sells disgraced tycoon’s Hermes bags to recoup US$27 billion in damages
Vietnam is auctioning luxury goods, including Hermes handbags and cars, belonging to disgraced tycoon Truong My Lan. These sales are part of an effort to recoup the US$27 billion in damages she was ordered to pay after being convicted of embezzling US$12.3 billion from Saigon Commercial Bank. One gemstone-embellished Hermes bag sold for over 11.6 billion dong, significantly exceeding its starting price. AI
