Market
Impact on foreign investment in Vietnam by end of 2025?
2
Resolution / Starting Odds
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Reports from financial analysts, investment trends, and government statistics
Story
Truong My Lan's Death Sentence Upheld in Vietnam's Largest Fraud Scandal
Dec 3, 2024, 05:17 AM
A Vietnamese court has upheld the death sentence for real estate tycoon Truong My Lan, who was convicted in what has been described as the country's largest ever fraud scandal. Truong My Lan, accused of masterminding a multi-billion-dollar fraud, had her appeal against the death penalty rejected. The fraud involved embezzlement of $12.3 billion and orchestrating a $1.2 billion bond fraud, significantly impacting thousands of investors. Despite efforts to raise $9 billion to avoid execution, the court maintained the original sentence, marking a significant moment in Vietnam's legal history regarding corruption.
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