Vietnamese tycoon Truong My Lan has lost her appeal against the death sentence handed down for masterminding the country¡¯s largest-ever fraud scandal, but she can avoid execution if she pays back enough of the embezzled cash.
The judge said that the total loss from the case is ¡°huge, with extremely serious consequences¡± and there is ¡°no basis to reduce the penalty,¡± during the hearing at the High People¡¯s Court in Ho Chi Minh City.
Under Vietnamese law, Lan can have her death sentence commuted to life in prison if she returns at least three-quarters of the total embezzled assets and cooperates with authorities. Another avenue open to her would be to petition for a pardon from President Luong Cuong. She has seven days to submit that following the verdict.
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