Tycoon Truong My Lan's death sentence is a turning point for Vietnam
HANOI, Vietnam (AP) — The unusually harsh death sentence given to a real estate tycoon in Vietnam was a pivotal moment in the decadelong “Blazing Furnace” anti-corruption campaign as the Vietnamese business community wrestled with an uncertain future Friday.
Real estate tycoon Truong My Lan, who was sentenced to death Thursday by a court in Ho Chi Minh city for orchestrating the country’s largest ever financial fraud case, was one of Vietnam’s most important businesspeople for years. She has been convicted for fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP — and for illegally controlling a major bank and allowing loans that resulted in losses of $27 billion, state media outlets reported.
Vietnam typically gives death penalties crimes like terrorism or murder and, according to Amnesty International, has among the highest rates of capital punishment worldwide. But a death sentence for a financial crime is rare in the country.
Related articles
Strictly star Giovanni Pernice's former partner Rose Ayling
Giovanni Pernice has been dealt a fresh blow after friend and former Strictly dance partner Rose Ayl2024-05-21Pasquantino, Melendez homer as Royals win 9
KANSAS CITY, Mo. (AP) — Vinnie Pasquantino and MJ Melendez homered to help the Kansas City Royals be2024-05-21Dozens of Palestinians killed, injured in Israeli attack in Gaza City
GAZA, March 3 (Xinhua) -- Dozens of Palestinians were killed and injured in an Israeli attack while2024-05-21Justin Verlander allows 2 runs over 6 innings in season debut for Astros
WASHINGTON (AP) — Justin Verlander allowed two runs and four hits over six innings in the three-time2024-05-21Siblings trying to make US water polo teams for Paris Olympics
WALNUT, Calif. (AP) — Chase Dodd started swimming when he was just a kid. Once he began playing wate2024-05-21Sabrina Impacciatore and Domhnall Gleeson join The Office spinoff in first casting announcement
The details of The Office spinoff are starting to take shape with the news that White Lotus' Sabrina2024-05-21
atest comment