Vietnamese billionaire sentenced to loss of life for $44bn fraud | BBC News

Vietnamese billionaire sentenced to loss of life for $44bn fraud | BBC News

A Vietnamese property developer became as soon as sentenced to loss of life on Thursday for looting one of the nation’s most challenging banks over a period of 11 years.

Truong My Lan became as soon as convicted for laying aside $44bn (£35bn) in loans from the Saigon Business Financial institution.

Prosecutors said $27bn might perchance well well by no means be recovered.

Authorities said 2,700 individuals had been summoned to testify, while 10 narrate prosecutors and around 200 legal professionals had been involving.

The proof became as soon as in 104 containers weighing a total of six tonnes.

Eighty-five defendants had been tried with Truong My Lan, who denied the costs.

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