Vietnamese Real Estate Fraud Trial
Vietnam Court May Commute Tycoon's Death Sentence if She Repays $9.3 Billion
Truong My Lan was sentenced to death in April for embezzlement and bribery amounting to $12.5 billion or $12 billion from Saigon Joint Stock Commercial Bank (SCB) into shell companies. The scale of the fraud shocked the nation and has had a negative impact on Vietnam's economic outlook. If Lan repays three-quarters of the embezzled amount, her sentence could be reduced to life imprisonment.
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