Billionaire crumbles - Receives a death sentence.!
Reports from a source indicate that Lan allegedly controlled the bank from 2012 to 2022, using her influence to conduct illicit transactions through thousands of shell companies while bribing government officials. The prosecution argued that she owed the bank a staggering $27 billion, a sum deemed unlikely to be recovered.
The trial, described as the world's largest bank fraud case, involved an extensive legal process, with 2700 witnesses, 200 lawyers, and 10 government prosecutors presenting evidence. The evidence, contained in 104 boxes weighing a total of 6 tons, was meticulously examined by the court. In addition to Truong My Lan, 85 individuals were sentenced in connection with the case, with punishments ranging from life imprisonment to 20 to 30 years in jail. Notably, Lan's husband and niece received sentences of 9 and 17 years, respectively.
Truong My Lan's arrest in october 2022 was part of a broader anti-corruption campaign in vietnam, which has seen the resignation of two presidents and two deputy prime ministers, along with the incarceration of numerous government officials. Lan's case serves as a stark reminder of the government's determination to tackle corruption at all levels, even among the country's wealthiest individuals.