Prosecutors seek death penalty for mastermind of Vietnam's largest financial scam

March 19, 2024

HANOI, March 19 -- Vietnamese prosecutors called on Tuesday for the death penalty to be handed to Truong My Lan, the mastermind of the Southeast Asian nation's largest financial fraud on record, state media said. "Lan didn't plead guilty and didn't show remorse," the Thanh Nien newspaper cited the prosecutors as saying, while demanding the death penalty on the charge of embezzlement. Prosecutors have also accused the group of causing damages to the to the tune of a further 193 trillion dong, more than 129 trillion dong of which consists of accumulated interest on the loans they took. That carried total financial damages in the case to 498 trillion dong ($20 billion), the report said. Phoc faulted auditing in some recent criminal cases, adding that "intentional collusion and violations" by auditors had not been ruled out.

The source of this news is from Tuoi Tre News