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Al Jazeera
Al Jazeera
World

Vietnam court upholds tycoon’s death sentence for $12bn bank fraud

Vietnamese property tycoon Truong My Lan was sentenced to death in April [File: Stringer/AFP]

A Vietnamese court has rejected a real estate tycoon’s appeal, upholding the death sentence handed down for the embezzlement of $12bn.

The court in Ho Chi Minh City ruled against Truong My Lan’s appeal in the case, which has raised concerns over the impact on the country’s economy due to the huge sums involved.

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