close
close
Vietnam Tycoon offers empire to avoid the death penalty in 27 billion US dollar bank fraud

Vietnam Tycoon offers empire to avoid the death penalty in 27 billion US dollar bank fraud

by

A Vietnamese Real estate tycoon, who is trying to avoid a death sentence for fraud in several billion dollars, has promised to transform their ownership empire into a “golden goose” in order to pay back the assets that they are back on, said their lawyer on Tuesday.
Real estate developer Truong my lan In December, in December, she lost to the death penalty in a case in which she was guilty of theft of money from Saigon Commercial Bank and the fraud of $ 27 billion.

The Court of Appeal decided that there was no basis to reduce her punishment, but it could still escape the death penalty if it paid three quarters of the stolen amount.

In a letter from prison to a state -controlled committee that was dealing with her real estate, LAN said that her assets were significantly undervalued, which caused the state to have potential losses and impair their rights, said her lawyer Giang Hong Thanh.

In April 2024, businesswoman Truong My Lan took part in a court proceedings in Ho Chi Minh City, Vietnam. Photo: AFP

LAN said that the company appointed by the government, which estimated in 726 of its assets, said some of them in the real estate project in first-class areas in the largest cities in Vietnam, estimated their value at around $ 9.7 billion.

Leave a Comment