Truong My Lan’s death sentence could reportedly be commuted to life in prison if she repays three-quarters of the $12 billion she was convicted of embezzling.

Summary

Vietnam’s High People’s Court upheld the death sentence for real estate tycoon Truong My Lan, convicted of embezzlement and bribery in a record $12 billion fraud case.

Lan can avoid execution by returning $9 billion (three-quarters of the stolen funds), potentially reducing her sentence to life imprisonment.

Her crimes caused widespread economic harm, including a bank run and $24 billion in government intervention to stabilize the financial system.

Lan has admitted guilt but prosecutors deemed her actions unprecedentedly damaging. She retains limited legal recourse through retrial procedures.

  • Saleh@feddit.orgEnglish
    13·
    23 days ago

    Bankman Fried didnt steal just from the people. He stole from other billionaires.

    • MonkeMischief@lemmy.todayEnglish
      7·
      23 days ago

      “You didn’t just steal from people, you had to go and steal from people who had a lot of money and THAT crosses a LINE!”

      –American justice system