Vietnam Tycoon Faces Death Unless $9 Billion Is Paid
A Vietnamese court upheld the death sentence for property tycoon Truong My Lan, convicted of a $27 billion fraud involving Saigon Commercial Bank. While the appeal was denied, Lan can avoid execution by repaying three-quarters of the embezzled funds, approximately $9 billion. This repayment could reduce her sentence to life imprisonment. Her husband received a reduced prison sentence, and the case has sparked widespread public outrage and a national anti-corruption campaign.
John Q. Hosedrinker