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Published

Vietnam Tycoon Faces Execution for $12 Billion Fraud Unless $9 Billion is Repaid

  • A higher court in Ho Chi Minh rejected the appeal of a tycoon’s conviction but noted her death sentence may become life imprisonment if she repays $11 billion.
  • The court indicated the tycoon had defrauded the country in its biggest financial crime, using funds to approve loans to "ghost companies."
  • Her arrest was part of a major anti-corruption campaign in Vietnam, raising concerns about broader banking practices.
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  • 43% of the sources lean Left
43% Left
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