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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.
Every night I still feel tormented and wonder why my family and I are in this situation.
The total value of her holdings actually exceeds the required compensation amount.
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.BBC
- 2.ABC News (Australia)
- 3.CNN
- 4.France 24
- 5.Al Jazeera
- 6.The Guardian
- 7.CTV News
- 8.The Washington Post
- 9.The Times
- 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
