HANOI, Vietnam (AP) — The unusually harsh death sentence given to a real estate tycoon in Vietnam was a pivotal moment in the decadelong “Blazing Furnace” anti-corruption campaign as the Vietnamese business community wrestled with an uncertain future Friday.
Real estate tycoon Truong My Lan, who was sentenced to death Thursday by a court in Ho Chi Minh city for orchestrating the country’s largest ever financial fraud case, was one of Vietnam’s most important businesspeople for years. She has been convicted for fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP — and for illegally controlling a major bank and allowing loans that resulted in losses of $27 billion, state media outlets reported.
Vietnam typically gives death penalties crimes like terrorism or murder and, according to Amnesty International, has among the highest rates of capital punishment worldwide. But a death sentence for a financial crime is rare in the country.
Syrian first lady Asma Assad diagnosed with leukemia, president's office says
Xi Plants Trees in Beijing, Urging Nationwide Afforestation Efforts for Beautiful China
Regional Canine Training Center of World Customs Organization opens in Hong Kong
Lecherous family doctor, 47, who 'desecrated' a terminally
Tagovailoa misses Dolphins' OTA day to attend Saban's charity golf tournament
Propaganda won't eliminate harms of Japan's nuke wastewater discharge plan
Painting new picture for Asian Games, creating better future for Asia
CPC education campaign draws wide attention
Wayne Bennett, at 74, signs a 3
Nanjing Railway Station experienced a small peak of passenger flow in weekend