Vietnamese billionaire sentenced to death for $44bn fraud | BBC News
- Title:
- Vietnamese billionaire sentenced to death for $44bn fraud | BBC News
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A Vietnamese property developer was sentenced to death on Thursday for looting one of the country's largest banks over a period of 11 years.
Truong My Lan was convicted for taking out $44bn (£35bn) in loans from the Saigon Commercial Bank.
Prosecutors said $27bn may never be recovered.
Authorities said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.
The evidence was in 104 boxes weighing a total of six tonnes.
Eighty-five defendants were tried with Truong My Lan, who denied the charges.Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
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- Video Language:
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- Duration:
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Ngọc Ánh Lê Thị edited English subtitles for Vietnamese billionaire sentenced to death for $44bn fraud | BBC News | |
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Thủy Nguyên edited English subtitles for Vietnamese billionaire sentenced to death for $44bn fraud | BBC News | |
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Thủy Nguyên edited English subtitles for Vietnamese billionaire sentenced to death for $44bn fraud | BBC News | |
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Thủy Nguyên edited English subtitles for Vietnamese billionaire sentenced to death for $44bn fraud | BBC News | |
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Thủy Nguyên added a video: Vietnamese billionaire sentenced to death for $44bn fraud | BBC News |
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