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News in English (USA) / 03.12.2024 / 13:00

Vietnamese Tycoon Truong My Lan Loses Death Row Appeal Over Historic Banking Fraud

Truong My Lan, a prominent Vietnamese real estate tycoon, has lost her appeal against a death sentence upheld by the court, following her conviction in a record $12.5 billion bank fraud case. The Vietnamese court has mandated that she repay $11 billion to avoid execution, intensifying the urgency as she scrambles to raise the necessary funds to save her life. This ruling marks the culmination of Vietnam’s largest fraud case, with ongoing discussions regarding the implications for both the individual and the broader business environment in the country.
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