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Vietnamese Billionaire 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 after rejecting her appeal against her conviction for embezzlement and bribery.
  • Truong My Lan, aged 68, was convicted of embezzling $12.5 billion and was linked to $27 billion in losses at Saigon Commercial Bank from 2012 to 2022.
  • The court stated that her death sentence could be reduced to life imprisonment if she pays back three quarters of the assets she embezzled.
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