CNN —Property tycoon Truong My Lan was one of Vietnam’s richest businesswomen.
On Tuesday, the 68-year-old lost her appeal against the death sentence for masterminding one of the biggest frauds in global history, in which billions vanished from Vietnam’s financial system.
But prosecutors accuse her of indirectly owning 91.5% of the bank, according to state media reports of the trial.
Among the total losses, $12 billion was ruled to have been embezzled, for which Lan was sentenced to death.
“Vietnamese regulators were absolutely shocked at the extent and investigators were flabbergasted by the extent of the corruption,” Abuza said.
Persons:
Truong, Lan, –, Donald Trump, Lan –, Humble, Ho, Minh, Eric Chu, Van Thinh Phat, Chu, Nguyen Khac Giang, Yusof, Lan’s, Maika Elan, ” Giang, Prosecutors, Sam Bankman, Giang, Nguyen Phu Trong, Minh Hoang, “, ” Lan, Doi Moi, Zachary Abuza, ” Abuza, Abuza, ”
Organizations:
CNN —, Saigon Joint Commercial Bank, Vietnam, Institute, CNN, Saigon Commercial Bank, Bloomberg, Getty, VnExpress, Communist Party, National War College, “
Locations:
Chi Minh City, China, Hong Kong, Ho Chi Minh City, Saigon, Vietnam, priding, Washington