Vietnam Court Upholds Death Sentence for Tycoon in $12 Billion Fraud
TL;DR Summary
A Vietnamese court has upheld the death sentence for real estate tycoon Truong My Lan, rejecting her appeal in a $12 billion fraud case. Lan, chairwoman of Van Thinh Phat Holdings, was convicted of embezzlement and bribery in Vietnam's largest financial fraud case. Despite her admission of guilt and partial repayment, the court found no grounds to reduce her sentence. Lan's arrest in 2022 led to a financial crisis at Saigon Joint Stock Commercial Bank, prompting a $24 billion rescue by Vietnam's central bank.
- Tycoon on death row for $12 billion fraud loses appeal in Vietnam court CNN
- Real estate tycoon must pay $9 billion to avoid execution in Vietnam NBC News
- Death sentence for real estate tycoon Truong My Lan upheld in Vietnam’s largest fraud case The Associated Press
- Vietnam court upholds tycoon’s death sentence for $12bn bank fraud Al Jazeera English
- Vietnam Property Tycoon Loses Appeal Against Death Penalty In $12.5 Billion Fraud Case Forbes
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