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    Home » Blog » Prosecutors demand death sentence in Vietnam’s biggest fraud trial

    Prosecutors demand death sentence in Vietnam’s biggest fraud trial

    March 20, 2024Updated:March 20, 2024 US News No Comments
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    This content was first published by Radio Free Asia, and it is now being reprinted with permission.

    Asian prosecutors are calling for the dying statement for the alleged mastermind of the region’s biggest scams, &nbsp, condition- controlled media&nbsp, reported Tuesday.

    Van Thinh Lil Holdings Group’s director is Truong My Lan, 68.

    Lawyers say she was behind a US$ 12.46 billion fraud, using advanced, properly- organized methods over a long period of time. However, they claim that during the test, she displayed no shame and placed blame on her superiors.

    They advised Lan to receive the death penalty for corruption and a combined 38 to 40 years for breaking banking laws.

    If found guilty of aiding her in obtaining money for tank firms from Saigon Commercial Bank, leading to a$ 20 billion damage, other defendants could spend life in prison. &nbsp,

    The accused include Lan ‘s&nbsp, Hong Kong billionaire husband Eric Chu, &nbsp, 45 SCB executives, 15 State Bank of Vietnam officials, three government inspectors, and a former official at the State Audit Office. Eight of the defendants are fugitives, and they have worldwide arrest warrants in hand.

    Hundreds of witnesses are expected to stand in court during the trial’s opening session in early May.

    Around 42, 000 Saigon Commercial Bank lenders lost money as a result of the con.

    For 10 years, starting in 2012, Lam and her accomplices are accused of taking out more than 2, 500 loans at the bank, 93 % of the total credit issued.

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