Vietnamese Businesswoman Truong My Lan Sentenced to Death for Largest Banking Fraud, Must Repay $9 Billion for Life Imprisonment

Dec 7, 2024, 02:23 PM

Truong My Lan, a prominent Vietnamese businesswoman, has been sentenced to death for orchestrating what has been described as the largest banking fraud in history, amounting to $27 billion. Following her unsuccessful appeal against the death sentence, she faces execution unless she can repay $9 billion, which would convert her sentence to life imprisonment. Vietnamese law stipulates that if a convict can return 75% of the embezzled funds, their death sentence may be commuted. Lan is now working to gather the necessary funds to avoid execution.