US EditionVietnam tycoon's jail term cut to 30 years in US$17 billion money laundering case
- My Lan's life sentence was reduced to 30 years after an appeal was accepted by the High People's Court in Ho Chi Minh City on April 21.
- The judge noted that the jury considered Lan's sincerity and her efforts to address the consequences of her actions during the appeal hearing.
- Lan faces a potential death sentence from a separate trial for fraud, involving embezzlement of US$12.3 billion.
- Lan, along with her legal team and family, is working to repay hundreds of millions in stolen funds to bondholders and Saigon Commercial Bank.
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24 Articles
California man sentenced to prison for international money laundering, drug scheme
DENVER (KDVR) — A California man pleaded guilty to a count of conspiracy to commit money laundering in connection with drug smuggling. According to the U.S. Attorney's Office for the District of Colorado, 65-year-old Juan Demetrio Villalpando Dominguez pleaded guilty to a single count of money laundering and was sentenced to 38 months in prison. Bentley Denver sued after fake transport company allegedly stole $218K Ferrari “Money launderin…
Financial Scandal in Vietnam: ex-manager of a real estate giant sentenced to 30 years in prison
On Monday 21 April, a court in Ho Chi Minh City sentenced on appeal to 30 years in prison the leader of a real estate giant in a case related to the biggest financial scandal in Vietnam. Truong My Lan was convicted of money laundering for a total of $17 billion, or almost 4% of the GDP of the country of Southeast Asia.
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