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The Independent UK
The Independent UK
Maroosha Muzaffar

Court upholds death penalty for tycoon convicted of Vietnam’s largest banking fraud

File. Vietnamese real estate tycoon Truong My Lan, centre, is escorted to a trial for her verdict on fraud, money laundering and illegal cross-border money transferring in Ho Chi Minh city, Vietnam Thursday, 17 October 2024 - (VNExpress via AP)

A court in Vietnam on Tuesday upheld the death sentence for real estate tycoon Truong My Lan, rejecting her appeal against a conviction for embezzlement and bribery, according to state media.

Lan, sentenced to death earlier this year for embezzling billions from Saigon Commercial Bank (SCB), was awaiting the verdict of her appeal.

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