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International Business Times
International Business Times
Business
AFP News

Vietnam Court Upholds Death Sentence For Property Tycoon

Truong My Lan was found guilty of embezzling billions of dollars (Credit: AFP)

A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multi-billion dollar fraud case -- but said her life could still be spared if she paid back three quarters of the assets she embezzled.

Property developer Truong My Lan, 68, was convicted earlier this year of swindling money from Saigon Commercial Bank (SCB) -- which prosecutors said she controlled -- and condemned to die for fraud totalling $27 billion.

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