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Al Jazeera
Al Jazeera
Politics

Vietnam tycoon Truong My Lan sentenced to death in $12.5bn fraud case

Vietnamese property tycoon Truong My Lan, centre, inside the court [AFP]

A court in Vietnam has sentenced a property tycoon to death over her role in a $12.5bn financial fraud case, the country’s largest on record.

Truong My Lan, chair of major developer Van Thinh Phat, was found guilty of embezzlement, bribery and violations of banking rules at the end of a trial in Ho Chi Minh City on Thursday, according to state media. Her lawyers now have 15 days to appeal the verdict.

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