NDTV: <\/p>\n\n\n\n
A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on Thursday in one of the country’s biggest fraud cases over the embezzlement of $12.5 billion.<\/p>\n\n\n\n
Truong My Lan, chair of major developer Van Thinh Phat, is accused of swindling the cash from Saigon Commercial Bank (SCB) over a decade.<\/p>\n\n\n\n
She and 85 others face verdicts and sentencing in southern business hub Ho Chi Minh City following a five-week trial. The list of co-accused includes former central bankers, ex-government officials and previous SCB executives.<\/p>\n\n\n\n
The charges they face include bribery, abuse of power, appropriation and violations of banking law.<\/p>\n\n\n\n
Lan has denied the charges and blamed subordinates.<\/p>\n\n\n\n
Prosecutors have called for Lan to face the death sentence, an unusually severe punishment in such a case.<\/p>\n\n\n\n
She and the 85 others were arrested as part of a national corruption crackdown that has swept up many officials and members of Vietnam’s business elite in recent years.<\/p>\n\n\n\n
Lan appeared to say in final remarks to the court last week that she had thoughts of suicide.<\/p>\n\n\n\n
“In my desperation, I thought of death,” she said, according to state media.<\/p>\n\n\n\n
“I am so angry that I was stupid enough to get involved in this very fierce business environment — the banking sector — which I have little knowledge of.”<\/p>\n","protected":false},"excerpt":{"rendered":"
NDTV: A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on Thursday in one of the country’s biggest fraud cases over the embezzlement of $12.5 billion. Truong My Lan, chair of major developer Van Thinh Phat, is accused of swindling the cash from Saigon Commercial Bank (SCB) over a decade. She and 85 others face verdicts and sentencing in southern business hub Ho Chi Minh City following a five-week trial. The list of co-accused includes former central bankers, ex-government officials and previous SCB executives. The charges they face include bribery,… <\/p>\n","protected":false},"author":1,"featured_media":38617,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-38613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/38613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38613"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/38613\/revisions"}],"predecessor-version":[{"id":38615,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/38613\/revisions\/38615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/38617"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}