Truong My Lan's actions were described as unprecedented in their scale; the amount embezzled, $12 billion, represents nearly 3% of Vietnam's GDP, profoundly impacting the economy.
The High People's Court upheld the death sentence for Truong My Lan, stating there were no grounds for appeal; however, she may avoid execution by returning three-quarters of the embezzled funds.
Her fraudulent management of the Saigon Commercial Bank led to a massive run on one of Vietnam's largest private banks, revealing the vulnerability of the financial system.
With around 36,000 victims identified, Lan's case has incited public outrage and unprecedented protests, highlighting the severity of financial crimes in Vietnam.
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