Vietnam court may commute tycoon’s death sentences if she repays $11 billion

Associated Press

HANOI, Vietnam (AP) — A court in Vietnam has upheld the death sentence for real estate tycoon Truong My Lan but said it could be commuted to life if she reimburses some $11 billion. That’s three-fourths of what she defrauded in the country’s biggest financial crime. The scale of her fraud shocked the nation with analysts raising questions about whether other banks or businesses had similarly erred. It has also dampened Vietnam’s economic outlook and made foreign investors jittery at a time when Vietnam has been trying to position itself as a home for businesses pivoting their supply chains away from China.