Truong My Lan, a Vietnamese property tycoon, awaits the verdict of her death penalty appeal after being convicted of embezzling $27 billion from Saigon Commercial Bank. If she fails to return $9 billion and cooperate sufficiently, she faces execution for one of the largest fraud cases in history.
A Vietnam ese property tycoon will soon learn whether her life will be spared after she was sentenced to death for a multibillion-dollar fraud.
Tens of thousands of people who had invested their savings in SCB lost money, shocking the communist nation and prompting rare protests from the victims. This would mean she would have to pull together $9billion to save her life, but spend a life behind bars. Lan was convicted earlier this year of embezzling money from Saigon Commercial Bank - which prosecutors said she controlled - and condemned to die for fraud totalling $27billion
Lan owned just five percent of shares in SCB on paper, but at her trial the court concluded that she effectively controlled more than 90 percent through family, friends and staff.
Vietnam Truong My Lan Death Penalty Corruption Fraud
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