Vietnam lady tycoon escapes death penalty
B R I E F
Vietnamese real estate tycoon Madam Truong My Lan, who masterminded a US$12.5 billion banking fraud, has avoided the gallows after the government today, Wednesday 25 June 2025, scrapped the death penalty for eight crimes, including embezzlement.
Lan, the chairwoman of property giant the Van Thinh Phat Group, was sentenced to death last year on embezzlement and bribery charges, said South China Morning Post in its report today.
Her lawyer said the sentence “will be converted to life imprisonment” after the National Assembly abolished capital punishment for eight offences, which included espionage, corruption, and an attempt to overthrow the government.
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