Vietnamese Tycoon Faces Execution After $12 Billion Fraud Appeal Fails
TL;DR Summary
Vietnamese tycoon Truong My Lan has lost her appeal against a death sentence for orchestrating a $44 billion bank fraud, the largest in history. Convicted of embezzling $12 billion, she can avoid execution by repaying $9 billion, 75% of the embezzled amount. Despite her assets exceeding this value, selling them has been challenging due to legal constraints. Her case is part of Vietnam's "Blazing Furnaces" anti-corruption campaign, and she is one of the few women sentenced to death for white-collar crime in the country.
- Truong My Lan: Vietnamese tycoon loses death row appeal over world's biggest bank fraud BBC.com
- Mogul Seeks to Avoid Execution in Vietnam’s Biggest Fraud Case Bloomberg
- Vietnam death penalty case, China business gauge, India rate decision Nikkei Asia
- Vietnam court upholds death sentence for tycoon in $12 bln fraud case Reuters
- Vietnam property tycoon on death row faces appeal verdict Grand Junction Daily Sentinel
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