Truong My Lan | Vietnam Prosecutor's Office Seeks Death Penalty Against Businessman Who Frauded $12.5 Billion | Wan Din But | Saigon Commercial Bank | Latest | | the world

Prosecutor's Office Vietnam A state newspaper reported Tuesday that a businessman accused of embezzling $12.5 billion is seeking the death penalty in the most high-profile fraud case in the country's history.

“According to the attorney general's office, Truong My Lan “She played the mastermind, but she didn't admit her guilt, she was stubborn, she criticized her subordinates and showed no remorse.”The newspaper pointed out Your threeThe other defendants admitted their actions.

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Prosecutors asked the popular jury to apply Pen of Death Financial misappropriation, as well as corruption and failure to respect banking regulations carry a total of 20 years in prison.

TruongHead of Real Estate Developer Van Din ButtBetween 2012 and 2022, more than 40,000 people have been charged with defrauding the loan scheme. Commercial Bank of Saigon (SCB), more than 90% owned by its group.

The Business woman He was arrested in October 2022. The amount mentioned is approx 12.500 Millions of Dollarsequal to 3% of the GDP Vietnam In 2022.

The investigation Truong and many of his allies started on March 5 Ho Chi MinhIn the south of the country.

The extent of the corruption led hundreds of people to demonstrate in the capital Hanoi And inside Ho Chi Minh, One of the few protests tolerated in the communist country.

Resort Pen of Death Generally is Vietnam In drug cases, but rarely in financial violations. Statistics on its use are a state secret but, according to International Amnesty,”AbundantExecutions are carried out every year.