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.

  • Phoenicianpirate@lemm.eeEnglish
    3·
    9 hours ago

    In all honesty, the enlightenment revolutions of the 18th and 19th centuries needed to bring this change about. To hold the wealthy to much higher standards than the poor. If that did happen, we wouldn’t be living in the capitalist hellscape that is today.