Vietnamese billionaire sentenced to death for $12.46 billion fraud
Kyiv • UNN
Billionaire Truong Mi Lan was sentenced to death by a Vietnamese court for involvement in financial fraud worth $12.46 billion.
In Vietnam, billionaire Truong Mi Lan has been sentenced to death for financial fraud. This was reported by CNN, according to UNN.
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On Thursday, a Vietnamese court sentenced real estate tycoon Truong Mi Lan to death for her involvement in a VND304 trillion ($12.46 billion) financial fraud case.
The trial, which had been ongoing since March 5, ended with a verdict that was one of the dramatic results of the campaign against corruption in the country.
As a result, Truong Mi Lan, chairman of Van Thinh Phat Holdings Group , was convicted of embezzlement, bribery and violation of banking regulations.
Although she pleaded not guilty to the charges, she was sentenced to death on the embezzlement charge and to 20 years in prison on the other charges.
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The death penalty in Vietnam is applied not only for violent crimes, but also for economic crimes. Hundreds of convicts have been executed recently, mostly by lethal injection.
