The court has upheld the death sentence for Truong My Lan, a real estate tycoon, in Vietnam’s largest financial fraud case, allowing for commutation if she repays a significant portion of the fraud amount.
A Vietnam ese court rejected the appeal of real estate tycoon Truong My Lan on Tuesday but kept the door open for her death sentence to be commuted if she pays back three quarters of the fraud amount, state media VN Express reported. Vietnam ese real estate tycoon Truong My Lan attends trial in an appeal she filed against her death sentence in a financial fraud case in Ho Chi Minh City, Vietnam , Tuesday, Dec. 3, 2024.
Her lawyers argued that she had repaid the money but the court disagreed since there were legal issues with some of the seized properties and prosecuting agencies couldn’t assess their value, VN Express reported. “Moreover, if she repays at least three-quarters of the misappropriated funds, the court may consider commuting her sentence to life imprisonment,” he said.that intensified after 2022. The Blazing Furnace campaign touched the highest echelons of Vietnamese politics. But the scale of her fraud shocked the nation with analysts raising questions about whether other banks or businesses had similarly erred.
These loans, according to state media, found their way to her and she bribed officials to cover her tracks.
Vietnam Real Estate Financial Fraud Death Sentence Commutation Truong My Lan
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