Property developer Truong My Lan, 68, was convicted this year of swindling money from Saigon Commercial Bank (SCB) ... and sentenced to death for fraud totalling $27 billion. The court found no basis to reduce her death sentence but allowed for a potential escape from execution if she repays three quarters of the embezzled assets.
I feel pained due to the waste of national resources,” Lan said last week, adding she felt “very embarrassed to be charged with this crime.” Her comments reflect the potential personal and societal impact of her conviction and the fraud scandal.
Lan has turned over more than 600 family properties to the court, it acknowledged - but it was unclear how much money they were worth. Despite her efforts to repay the stolen funds, the level of compensation remains uncertain.
Her husband Eric Chu Nap Kee, a Hong Kong billionaire, had his sentence reduced from nine years in prison to seven. This highlights the disparity in legal outcomes which can result from wealth and connections in the judiciary.
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