realestate

Vietnamese Court Affirms Death Penalty for Tycoon Convicted of $12 Billion Scam

Vietnamese Court Upholds Death Sentence for Real Estate Tycoon Truong My Lan.

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Vietnamese court has upheld the death sentence against real estate tycoon Truong My Lan after rejecting her appeal against embezzlement and bribery charges. The decision was made public through state media reports.

    Truong My Lan, chairwoman of Van Thinh Phat Holdings Group, had been sentenced to death in April for her involvement in a massive financial fraud worth over $12 billion, Vietnam's largest on record. This case has garnered significant attention due to its sheer scale and the severity of the punishment handed down.

Vietnamese court upholds death penalty for tycoon in $12B scam case.