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Vietnamese billionaire sentenced to death for $44bn fraud | BBC News
Posted
April 11, 2024
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April 11, 2024
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15,806
6,456
1.28%
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3:35Now PlayingA Vietnamese property developer was sentenced to death on Thursday for looting one of the country's largest banks over a period of 11 years.
Truong My Lan was convicted for taking out $44bn (£35bn) in loans from the Saigon Commercial Bank.
Prosecutors said $27bn may never be recovered.
Authorities said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.
The evidence was in 104 boxes weighing a total of six tonnes.
Eighty-five defendants were tried with Truong My Lan, who denied the charges.
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