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Published

Vietnamese Tycoon Truong My Lan's Death Sentence Upheld in $12.5 Billion Fraud Case

  • A Vietnamese court upheld the death penalty for property tycoon Truong My Lan in a $12 billion fraud case involving 44 billion total loans and cash through shell companies.
  • The court found that $27 billion was misappropriated, and $12 billion was embezzled, the most serious financial crime punishable by death.
  • If Lan repays 75% of the embezzled amount, her death sentence could be commuted to life imprisonment, according to Vietnamese law.
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