Death Sentence for Property Tycoon in Vietnam - Can She Escape?

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A Vietnamese court upheld the death penalty for property tycoon Truong My Lan in a multibillion-dollar fraud case involving Saigon Commercial Bank. However, she could avoid execution if she returns three quarters of the assets she embezzled, equivalent to $9 billion. Lan, who founded Van Thinh Phat, was found guilty of swindling $27 billion, causing damages equivalent to 6% of the country's 2023 GDP. She and dozens of defendants were arrested in a national corruption crackdown.

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Vietnamese Real Estate Tycoon Faces Death Sentence for Fraud

Truong My Lan to Raise $9 Billion or Face Execution

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A Vietnamese court has upheld a death sentence for real estate tycoon Truong My Lan.**

Why?
For her role in a $12 billion financial fraud - the biggest on record in Vietnam.

What happens next?
Lan can request a review of the case and commute her sentence to life imprisonment if she raises 75% of the sums she embezzled, which totals $9 billion.

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