Luxury assets, including Birkin bags, cars, and yachts, belonging to the imprisoned Vietnamese billionaire Truong My Lan are being auctioned off. The proceeds, however, are insufficient to compensate her victims, despite her being sentenced to two life sentences.

Two Birkin bags belonging to Truong My Lan, a Vietnamese businesswoman serving a life sentence, were sold at auction for half a million dollars in just 30 minutes.

A Vietnamese bank will sell properties and a car belonging to disgraced tycoon Truong My Lan to recover $27 billion in damages she was ordered to repay after a fraud conviction.

Vietnamese businesswoman Truong My Lan is auctioning off her luxury assets from prison as authorities continue efforts to recover billions of dollars lost in one of Vietnam's largest financial scandals.

Two luxury handbags confiscated from Truong My Lan, a Vietnamese businesswoman sentenced to life in prison, were sold at a government auction for over $535,000 within half an hour of bidding.

Yachts and Birkin bags belonging to Truong My Lan, a millionaire sentenced to life in Vietnam's largest financial scandal, are being auctioned off to recover the $27 billion owed to victims.

Vietnam has auctioned two Hermes handbags belonging to real estate tycoon Truong My Lan for 14.21 billion dong (US$539,000). This sale is part of ongoing efforts to recoup billions of dollars in damages from the nation's largest fraud case, in which Lan was convicted.