LogFAQs > #979852721

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TopicVietnamese billionaire sentenced to Death for $44bn fraud
Doe
04/11/24 10:21:09 AM
#9:


The decision is a reflection of the dizzying scale of the fraud. Truong My Lan was convicted of taking out $44bn (35bn) in loans from the Saigon Commercial Bank. The verdict requires her to return $27bn, a sum prosecutors said may never be recovered. Some believe the death penalty is the court's way of trying to encourage her to return some of the missing billions.
Apparently the hope is Vietnam might actually get the money back in exchange for commuting her to life imprisonment or less.

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