US EditionVietnam’s Truong My Lan offers property empire to avoid death penalty
- A Vietnamese property tycoon, Truong My Lan, is attempting to avoid a death sentence by offering her property empire to pay back embezzled funds, her lawyer stated.
- My Lan was found guilty of embezzling US$27 billion and lost her appeal against the death penalty last December.
- The appeal court indicated that she could escape the death penalty if she repays three-quarters of the stolen amount.
- Lan claimed that due to new land price guidelines in Ho Chi Minh City, the value of her projects could have increased by 3-5 times.
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39 Articles
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Vietnam death row tycoon promises to turn properties into 'golden goose'
A Vietnamese property tycoon trying to avoid a death sentence for multi-billion-dollar fraud has promised to turn her property empire into a "golden goose" to help pay back the assets she embezzled, her lawyer said Tuesday.
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