International News
Vietnam Property Tycoon On Trial In $12.5bn Fraud Case
A top Vietnamese property tycoon went on trial Tuesday along with dozens of others, accused of embezzling $12.5 billion in the country’s biggest-ever fraud case.

Vietnam’s property tycoon Truong My Lan (C) arrives at a court in Ho Chi Minh city on March 5, 2024. A top Vietnamese property tycoon went on trial on March 5, 2024 along with dozens of others, accused of embezzling $12.5 billion in the country’s biggest ever fraud case. (Photo by AFP)
Truong My Lan, chair of major developer Van Thinh Phat, is said to have swindled the cash from Saigon Commercial Bank (SCB) over a decade, leaving unsuspecting investors out of pocket.
Eighty-five others are also on trial in southern business hub Ho Chi Minh City, including former central bankers, former government officials and ex-SCB executives — among them two Chinese nationals still at large, state media said.
They face charges including bribery, abuse of power, appropriation and violations of banking law.
State media on Tuesday showed pictures of dozens of vans carrying the defendants to the court where heavy security was on guard inside and out.
A total of 78 defendants were in court, with eight on the run, state media said. Police have issued international arrest warrants for the fugitives.
Police have identified around 42,000 victims of the scandal, which has shocked the country and led hundreds to stage protests in Hanoi and Ho Chi Minh City — a rarity in the one-party communist state.
Lan, who is married to a wealthy Hong Kong businessman, is accused of setting up fake loan applications to withdraw money from SCB, in which she owned a 90 per cent stake.
Police say those caught up in the scam are all SCB bondholders who cannot withdraw their money and have not received interest or principal payments since Lan’s arrest in October 2022.
The value of Lan’s alleged asset appropriation, which occurred between 2012 and 2022, was equivalent to around three per cent of Vietnam’s GDP in 2022.
Authorities have said that the $5.2 million allegedly given by Lan and some SCB bankers to state officials to conceal SCB’s violations and poor financial situation was the biggest-ever bribery sum recorded in Vietnam.
According to Ho Chi Minh City’s Law newspaper, 10 prosecutors and nearly 200 lawyers will attend the trial, while other state media reported that the court had been set up to make room for nearly 3,000 people with an interest in the case.
Documents weighing up to six tonnes will be handled in the almost two-month-long trial, the longest ever in Vietnam.
The arrests came as part of a national corruption crackdown that has swept up many officials and members of the country’s business elite in recent years.
More than 4,400 people have been indicted across more than 1,700 graft cases since 2021.
Other top business leaders targeted in the anti-corruption drive — and accused of massive fraud — include Truong Quy Thanh, the head of soft drink giant Tan Hiep Phat Group.
He is to be prosecuted along with his two daughters for allegedly appropriating $31.5m.
Do Anh Dung, chairman of developer Tan Hoang Minh Group, will also face trial for illegally acquiring $355 million in a bond sale to more than 6,500 investors.
AFP
International News
Ghana Rejects MTN Financial Support For Victims Of Xenophobic Attacks In South Africa
Ghana Rejects MTN Financial Support For Victims Of Xenophobic Attacks In South Africa
The Government of Ghana has declined a GHS20 million donation offered by MTN Ghana to support Ghanaian victims of the recent xenophobic attacks in South Africa, saying it has already made adequate financial provision for the evacuation and reintegration of affected citizens.
The Ministry of Foreign Affairs, in a press statement issued in Accra on Wednesday said it had become aware of media reports indicating that MTN Ghana was preparing to donate GHS20 million to Ghanaian victims of the attacks.
According to the ministry, the reports appeared to attribute the announcement of the intended donation to an interview granted by the MTN Board Chairman, Dr. Ishmael Yamson.
While acknowledging the gesture, the government said it had decided not to accept the financial support.
“The Government of Ghana commends MTN for the offer, however, we respectfully decline,” the statement said.
The Ministry of Foreign Affairs said the John Mahama Administration had already made adequate provision for the ongoing evacuation and reintegration of Ghanaians affected by the attacks.
“The Ministry of Foreign Affairs reaffirms that the Mahama Administration has made adequate provision for ongoing evacuations and reintegration of Ghanaians and is therefore unable to accept this offer,” it said.
The ministry further disclosed that the government’s position had previously been communicated directly to MTN’s leadership during a meeting with the Minister of Foreign Affairs, Hon. Samuel Okudzeto Ablakwa (MP), on August 14, 2026.
“This position of the Government of Ghana had earlier been directly conveyed to the Board Chair and CEO of MTN when they called on the Minister of Foreign Affairs, Hon. Samuel Okudzeto Ablakwa (MP) on August 14, 2026,” the statement said.
The government, however, stressed that it remained committed to providing humanitarian assistance to Ghanaians being brought back from areas where they faced danger.
“Meanwhile, the Government of Ghana remains fully committed to current humanitarian evacuations and reintegration financial support for every Ghanaian brought back from harm’s way,” the ministry said.
It also pledged to disclose the total expenditure incurred on the evacuation exercise after its completion, describing the planned disclosure as part of its commitment to transparency and accountability.
“The Ministry of Foreign Affairs assures that it will present to the general public a comprehensive account of the total cost of evacuations as soon as the exercise is concluded, in the interest of transparency and accountability,” it added.
The government also sought to reassure international businesses operating in Ghana that it would continue to support their operations irrespective of their countries of origin.
“Government will continue to create the best business ecosystem for all international brands operating in Ghana to succeed, irrespective of which country their businesses originated from,” the ministry said.
It added: “The welfare of all Ghanaians remains our utmost priority.”
The government’s decision comes amid concerns over the safety and welfare of Ghanaians affected by the recent xenophobic attacks in South Africa, with authorities undertaking evacuations and reintegration efforts for citizens brought back from harm’s way.
The Ministry of Foreign Affairs said the government’s existing arrangements were sufficient to cover the humanitarian response, making it unnecessary to accept the proposed MTN donation.
Earlier in July, fresh diplomatic tensions emerged between Ghana and South Africa after the Ghanaian government reportedly declined to host South African President Cyril Ramaphosa for a planned state visit, citing concerns over the reported killing of a Ghanaian citizen and alleged xenophobic attacks against its nationals.
The decision follows the death of 40-year-old Bashiru Isak, whom Ghana says was killed during demonstrations associated with renewed attacks on foreign nationals in South Africa on June 30, 2026.
Officials in Accra said the postponement of the visit reflects Ghana’s growing concern over the security of its citizens residing in South Africa. They maintained that ensuring the safety of Ghanaians abroad must take precedence over high-level diplomatic engagements.
President Ramaphosa had been expected in Ghana during the first week of August for a state visit aimed at reinforcing the longstanding relationship between both countries. The visit was also expected to provide an opportunity for discussions on bilateral cooperation and concerns surrounding attacks on foreign nationals.
International News
Trump Orders Flags Flown Half-Mast For Dolly Parton
US President Donald Trump has ordered American flags across the country to be flown at half-staff for one week following the death of country music legend Dolly Parton.
Trump made the announcement on Tuesday, August 25, as tributes continued to pour in for Parton, who died in Nashville at the age of 80.
In a post on Truth Social, Trump wrote: “Very sad to report that Dolly Parton, one of the greatest country singers, and far beyond, ever, has just passed away. This is a true loss for millions of people. There has never been anyone like her, and never will. In her honor, I am lowering the American flag throughout the United States for a one week period beginning tonight at 6 p.m. Rest in peace, Dolly! The world loves you. President Donald J. Trump.”
Parton’s death was announced by her nephew and head of security, Bryan Seaver, in a video shared on social media.
The Tennessee-born singer had a career spanning seven decades and became one of the most influential figures in country music, while also establishing herself as a songwriter, actress, author, businesswoman and philanthropist.
Although Parton generally stayed away from political controversies, she had previously disclosed that she turned down the Presidential Medal of Freedom twice during Trump’s first administration.
Speaking to the Today show in 2021, Parton explained her decision, saying: “I couldn’t accept it because my husband was ill and then they asked me again about it and I wouldn’t travel because of the COVID,”
She added: “Now I feel like if I take it, I’ll be doing politics, so I’m not sure.”
Parton devoted much of her career to charitable causes, including childhood literacy through her Imagination Library programme, which has distributed millions of books to children.
She established the Dollywood Foundation in 1988 and later created the Dolly Parton Scholarship for students from her home area of Sevier County, Tennessee.
She also supported communities affected by disasters, including donating funds to victims of the devastating East Tennessee wildfires. In 2017, she donated $1 million to Monroe Carell Jr. Children’s Hospital at Vanderbilt University Medical Center.
Parton was recognised across the music industry for her extraordinary career. She was inducted into both the Country Music Hall of Fame and the Rock and Roll Hall of Fame and recorded 25 No. 1 songs on Billboard’s Hot Country Songs chart.
She also received 10 Grammy Awards from 55 nominations.
An official statement released following her death described the impact of her life and career.
“A rhinestone life that shone bright enough for the world to see, Dolly will forever stand as an inspiration not only through her timeless music and prolific songwriting, but also her wit, warmth, and kindness that made us all feel like family. Dolly Parton’s legacy is one of love, compassion, and resilience. With a seven-decade career, she inspired multiple generations of artists and fans with her music and an unwavering commitment to making the world a better place. Her songs will continue to resonate with people of all ages, and her philanthropic work will have a lasting impact.”
International News
Court Rejects Trump Visa Ban Of Nigeria, 74 Other Countries
A United States District Court in Manhattan has nullified the Donald Trump administration’s policy suspending the processing and issuance of immigrant visas to applicants from 75 countries, including Nigeria.
In a ruling delivered on Friday, U.S District Judge, Jeannette Vargas, described the January directive by the State Department as patently unlawful and said it exceeded the statutory authority of Secretary of State, Marco Rubio.
The policy, which took effect on January 21, had barred immigrant visa issuance to nationals of 75 countries on the grounds that they posed “a high risk for becoming a public charge” and relying on U.S government cash assistance.
Affected countries are: Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan, Bosnia-Herzegovina, Brazil, Cambodia, Cameroon, Cape Verde, Colombia, Cuba, Dominica, DR Congo, Egypt, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iran, Iraq, Ivory Coast, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Moldova, Mongolia, Montenegro, Morocco, Myanmar, Nepal, Nicaragua, Nigeria, North Macedonia, Pakistan, Republic of Congo, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Senegal, Sierra Leone, Somalia, South Sudan, St. Vincent and the Grenadines, Sudan, Syria, Tanzania, Thailand, Togo, Tunisia, Uganda, Uruguay, Uzbekistan, Yemen.
President Donald Trump had early in the year, published a list of welfare dependent rates among immigrants, noting that about 33.3 per cent of Nigeria immigrants households received some form of public assistance.
According to the directive, older or overweight applicants can be denied, along with those who had any past use of government cash assistance or institutionalisation.
But delivering the judgement, Judge Vargas, an appointee of former President Joe Biden, held that the suspension ran afoul of federal immigration law, which expressly removed authority over consular processing of immigrant visas from the Secretary of State.
“The policy, which categorically prohibits the issuance of immigrant visas based upon the nationality of the applicant, represents a direct abrogation of this statutory scheme,” she wrote.
The suit was filed by immigrant rights groups, Catholic Legal Immigration Network and African Communities Together, alongside U.S citizens sponsoring family members and visa applicants from the affected countries.
The State Department had, in a cable sent to U.S missions in January directed consular officers to refuse applicants whose visas were “print-authorized” but not yet printed.
It said the suspension was part of a full review to ensure the highest level of screening and vetting and to prevent foreign nationals from exploiting U.S welfare systems.
“Applicants from these countries are at a high risk for becoming a public charge and recourse to local, state and federal government resources in the United States,” the cable stated.
Principal Deputy Spokesperson, Tommy Pigott, had defended the move, saying: “The State Department will use its long-standing authority to deem ineligible potential immigrants who would become a public charge on the United States and exploit the generousity of the American people.
“Immigration from these 75 countries will be paused while the State Department reassess immigration processing procedures to prevent the entry of foreign nationals who would take welfare and public benefits.”
President Trump has, since returning to office in January, pursued an aggressive immigration crackdown aimed at improving domestic security.
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