Vietnam court upholds death sentence for property tycoon Truong My Lan in US$12b fraud case

A court in Vietnam has upheld the death sentence for property tycoon Truong My Lan in the country’s largest ever case of financial fraud and what could also be one of the world’s biggest cases of bank fraud. Judges rejected her appeal against a conviction for embezzlement and bribery. Lan now has two options to escape death row. According to Vietnamese law, she can petition to Vietnam’s president for leniency within seven days. She also can repay at least 75% of the US$12 billion that was deemed to have embezzled, and her death sentence would be commuted to life imprisonment. Tung Ngo reports.

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