A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multi-billion dollar fraud case -- but said her life could still be spared
A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multi-billion dollar fraud case — but said her life could still be spared if she paid back three quarters of the assets she embezzled.
Tens of thousands of people who invested their savings in SCB lost money, shocking the communist nation and prompting rare protests from the victims. “I feel pained due to the waste of national resources,” Lan said last week, adding she felt “very embarrassed to be charged with this crime”. The State Bank said in April that it pumped funds into SCB to stabilise it, without revealing how much.
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