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- Vietnam Court May Commute Tycoon's Death Sentence if She Repays $9.3 Billion
Vietnam Court May Commute Tycoon's Death Sentence if She Repays $9.3 Billion
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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.
The defendant's actions have affected many aspects of society, the financial market, the economy.
The total value of her holdings actually exceeds the required compensation amount.
Every night I still feel tormented and wonder why my family and I are in this situation.
Moreover, if she repays at least three-quarters of the misappropriated funds, the court may consider commuting her sentence to life imprisonment.
Vietnamese Real Estate Fraud Trial
sources
- 1.ABC News (Australia)
- 2.CNN
- 3.France 24
- 4.Al Jazeera
- 5.The Guardian
- 6.CTV News
- 7.The Washington Post
- 8.The Times
- 9.BBC
- 10.Reuters
- 11.VN Express
- 12.Agence France-Presse
perspectives
countries
organizations
- 1.Van Thinh Phat Group
- 2.Saigon Commercial Bank
- 3.State Bank of Vietnam
- 4.ISEAS-Yusof Ishak Institute
- 5.LAN
- 6.Communist Party
- 7.Advocates for Human Rights
- 8.Vietnamese Communist Party
persons
- 1.Truong My Lan
- 2.Tien Phong
- 3.Nguyen Phu Trong
- 4.Eric Chu
- 5.Nguyen Huy Thiep
- 6.Ho Chi Minh
- 7.Nguyen Khac Giang
- 8.Truong Hue Van
- 9.Xi Jinping
