Truong My Lan, chairwoman of Van Thinh Phat Holdings, is sentenced to death for her role in a $12 billion fraud scheme linked to a bank.
The court indicated that Lan might avoid execution by repaying a portion of her fraudulent gains, as per a Vietnamese law allowing such a conversion.
Lan's actions represent a staggering 3% of Vietnam's GDP in 2022, highlighting the scale of corruption that the Communist Party is combatting.
The ruling Communist Party's intensification of anti-corruption measures is exemplified by the severe penalties imposed on high-profile figures like Lan.
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