Vietnam Court Upholds Death Sentence for Real Estate Tycoon Truong My Lan

Truong My Lan's death sentence remains after her appeal was denied, though she may avoid execution if she repays a significant portion of embezzled funds.

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Vietnam Tycoon Convicted of $12 Billion Fraud Loses Appeal Against Death Sentence

Epoch Times

Death sentence upheld for property tycoon in Vietnam — unless she pays $9 billion before execution

CBS News

Vietnam tycoon loses death penalty appeal in $27 billion fraud but court says it could spare her life if she returns 3/4 of stolen assets

Fortune

A Vietnamese tycoon is scrambling to raise $9B to avoid execution

Business Insider

Real estate tycoon must pay $9 billion to avoid execution in Vietnam

NBC News

Vietnamese tycoon faces scramble to raise billions to avoid death sentence

The Guardian

Vietnam court upholds tycoon’s death sentence for $12bn bank fraud

Al Jazeera

Death sentence for real estate tycoon Truong My Lan upheld in Vietnam's largest fraud case

Associated Press

Overview

A summary of the key points of this story verified across multiple sources.

A Vietnamese court upheld Truong My Lan's death sentence for orchestrating a $12 billion fraud, while allowing potential commutation to life imprisonment if she repays three-quarters of the funds. Lan, chairwoman of Van Thinh Phat Holdings, was convicted of embezzlement and bribery, setting off a large financial scandal. Her attempts to appeal focused on mitigating circumstances and the recovery of embezzled assets, crucial for reducing her sentence. Despite her legal battles, Lan faces significant challenges in liquidating assets to meet repayment demands.

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