A Vietnamese real estate tycoon has been convicted of fraudulently obtaining property worth billions of dollars in a case that has been a centerpiece of the government's crackdown on corruption. Truong My Lan, the chairwoman of property developer Van Thinh Phat, was found guilty of fraud amounting to $12.5 billion in a separate case and was sentenced to death by lethal injection in April.
The recent verdict, which carries a maximum penalty of life in prison, adds to Lan's legal troubles as she awaits the appeal of her death sentence. Thirty-three others were tried as co-defendants in the case, with details on their verdicts not immediately available.
