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
Trump film shocks Cannes as former US President is depicted 'raping' his then
Presidential candidate Donald Trump is sensationally depicted raping his wife Ivana in a film which2024-05-22Ally McCoist urges one Man United star to be first out the door in club's mass sale this summer
Ally McCoist has urged one Manchester United favourite to leave the club this summer. The club are p2024-05-22- Anya Taylor-Joy stunned in a green mini dress with an eye-catching accessory as she and Chris Hemswo2024-05-22
Mets reliever Edwin Díaz open to demotion from closer role as struggles mount and confidence wanes
MIAMI (AP) — Edwin Díaz is open to a change to help ignite the slumping New York Mets — even if that2024-05-22Pregnancy app used by the NHS accused of 'imposing gender ideology'
A pregnancy app used by the NHS has been accused of 'imposing gender ideology' by asking expectant w2024-05-22Saudi historical district expects to cooperate with more Chinese partners: official
Saudi Arabia's historical district Diriyah, a UNESCO World Heritage Site, is aiming to cooperate2024-05-22
atest comment