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International Business Times
International Business Times
Business

Vietnam Tycoon Will Not Face Death Penalty Over $27 Bn Fraud: Lawyer

Truong My Lan Vietnam Death Penalty SCB
Property tycoon Truong My Lan (C-L) will no longer face the death penalty over a multi-billion-dollar fraud after Vietnam abolished capital punishment for several crimes (Credit: AFP)

A Vietnamese property tycoon sentenced to death for fraud totalling $27 billion will no longer face execution, her lawyer said Wednesday, as the country abolished capital punishment for eight crimes, including property embezzlement.

Property developer Truong My Lan's lawyer Giang Hong Thanh told AFP that her death penalty "will be converted to life imprisonment... I informed Ms. Lan this morning, she is very happy."

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