Bangkok – A court of appeal to Ho Chi Minh -Ville reduced the sentence of perpetuity to the greatest business fraudster in Vietnam to 30 years in prison after paying millions of dollars in compensation to the buyers of false obligations, the state media reported on Monday.
Truong My Lan, 68 -year -old president of real estate company Van Thinh Phat, was sentenced separately to death in April of last year for having diverted $ 27 billion from the Bank Commercial Saigon in which she had more than 90%. Her call against the death penalty was rejected in December, but can still be commissioned if she can reimburse three -quarters of the money.
The court’s decision on Monday was the result of the second LAN call, concerning a perpetuity sentence that she received in October for having certified fraud.
The judges of the High Court of the People declared that LAN had paid compensation to its victims of the fraud to the obligations and that the authorities will liquidate its assets and confiscate the product.
They reduced his sentence of fraud of life to 20 years and confirmed the convictions for money laundering and the transfers of illegal cross -border funds, resulting in a total sentence of 30 years in prison.
The courts of Vietnam have been busy pronouncing rigid sentences for executives and executives of the biases taken in the repression of the corruption of the oven of the government of the government, which revealed generalized corruption and diversion in industries such as goods and health care.
LAN represented herself in court while she was trying to convince the prosecutors that she did best to repair the damage caused by the greatest fraud in the history of Vietnamese companies.
She has not always been so repentant, saying at one point that she was a “victim” and asking for the return of two Hermes Birkin bags from Crocodile Albinos, which was worth hundreds of thousands of dollars.
Edited by Tajun Kang and Stephen Wright.