Market
What will be the outcome of Truong My Lan's legal situation by end of 2024?
3
Resolution / Starting Odds
Repays $9 billion and sentence commuted to life • 25%
Fails to repay and remains on death row • 25%
Receives presidential pardon or clemency • 25%
Other outcome • 25%
Official announcements from the Vietnamese government or court records
Story
Vietnam's Truong My Lan Loses Appeal; Must Repay $9 Billion to Avoid Execution
Dec 3, 2024, 06:31 AM
Vietnamese property tycoon Truong My Lan, founder of Ho Chi Minh City-based Van Thinh Phat Holdings Group, has lost her appeal against the death penalty for masterminding the country's largest-ever fraud scandal. The 68-year-old was convicted of embezzling $12 billion, including orchestrating a $1.2 billion bond fraud that devastated thousands of investors. The Supreme People's Court of Ho Chi Minh City upheld her death sentence, stating that the damages caused were "enormous and have extremely serious consequences," and found no circumstances to reduce her sentence. However, under Vietnamese law, her sentence could be commuted to life imprisonment if she repays 75% of the embezzled funds, estimated at $9 billion.
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Similar markets
Commuted to life imprisonment • 25%
Execution • 25%
Commuted to lesser sentence • 25%
Pardoned • 25%
Sentence commuted by other means • 25%
Executed • 25%
Life imprisonment after repayment • 25%
Pardoned • 25%
Execution • 33%
Commuted to life imprisonment • 33%
Pardon granted • 34%
Other outcome • 25%
Execution • 25%
Commuted to life imprisonment • 25%
Released • 25%
No • 50%
Yes • 50%
Case dismissed • 25%
Plea deal • 25%
Convicted • 25%
Acquitted • 25%
Mistrial or case unresolved • 25%
Convicted on all charges • 25%
Convicted on some charges • 25%
Acquitted on all charges • 25%
Acquitted on all charges • 25%
Convicted on all charges • 25%
Convicted on some charges • 25%
Mistrial or hung jury • 25%
Mistrial declared • 25%