Death Sentence Upheld for Tycoon in Record $12.5 Billion Fraud Case
A Vietnamese court has upheld the death sentence for real estate tycoon Truong My Lan, rejecting her appeal against convictions for embezzlement and bribery in a fraud case involving over $12 billion. This amount represents nearly three percent of Vietnam 's 2022 GDP, marking the country's largest recorded financial fraud.
Vietnam court may commute tycoon’s death sentences if she repays $11 billion
A court in Vietnam has upheld the death sentence for real estate tycoon Truong My Lan but said it could be commuted to life if she reimburses some $11 billion.
Vietnam court says tycoon must repay embezzled billions to avoid execution
An appeals court upheld Truong My Lan’s death sentence for bank fraud but suggested she could avoid execution by repaying three-quarters of the money she stole.
Vietnamese tycoon told to repay billions in fraud case to avoid death penalty
Vietnamese tycoon Truong My Lan can avoid execution for orchestrating a $12bn fraud if she repays three-quarters of the misappropriated funds, a court ruled on Tuesday. The chair of property developer Van Thinh Phat Group was sentenced to death in April after being found guilty of embezzling 304tn dong from Vietnam’s Saigon Joint Stock Commercial Bank (SCB).
Vietnam Court Upholds Death Sentence for Tycoon in $12 Billion Fraud Case
A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery, state media reported. Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group,
Death sentence for real estate tycoon Truong My Lan upheld in Vietnam's largest fraud case
The death sentence for real estate tycoon Truong My Lan has been upheld in Vietnam’s largest fraud case, the scale of which had raised concerns about the country’s economy
Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.
A Vietnamese tycoon is scrambling to raise $9 billion to avoid execution
Truong My Lan was sentenced to death for embezzling $12.5 billion. She needs to raise $9 billion to try to commute her sentence to life imprisonment.
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