Market
Will Truong My Lan repay $9 billion by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Vietnamese government or court announcements
Story
Vietnamese tycoon must repay $9bn or face execution after losing fraud appeal
Dec 3, 2024, 12:07 PM
Vietnamese property tycoon Truong My Lan, 68, has lost her appeal against the death sentence for masterminding the country's largest-ever fraud scandal, involving embezzlement and bribery charges. Convicted of embezzling $12 billion—about 3% of Vietnam's GDP—she also orchestrated a $1.2 billion bond fraud that affected thousands of investors. The Supreme People's Court of Ho Chi Minh City upheld the death sentence but stated that her life could be spared if she repays 75% of the embezzled assets, amounting to $9 billion.
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$3 billion to $6 billion • 25%
$6 billion to $9 billion • 25%
Less than $3 billion • 25%
More than $9 billion • 25%
Repays $9 billion and sentence commuted to life • 25%
Fails to repay and remains on death row • 25%
Other outcome • 25%
Receives presidential pardon or clemency • 25%
No • 50%
Yes • 50%
Execution • 25%
Other outcome • 25%
Released • 25%
Commuted to life imprisonment • 25%