HANOI: A Vietnamese property tycoon is in a race for her life to come up with $US9 billion ($14 billion) to escape the death penalty for masterminding the world’s biggest bank fraud.
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Death sentence upheld for Vietnamese property tycoon over fraud worth billions
The scale of the fraud, which Truong My Lan was convicted of in April, had raised concerns about the country’s economy.
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A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery in a high-profile $12 billion …
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Death sentence upheld for property tycoon in Vietnam — unless she pays $9 billion before execution
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.