Vietnamese tycoon faces scramble to raise billions to avoid death sentence

Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country

The Vietnamese property tycoon Truong My Lan has lost her appeal against the death penalty for masterminding a multibillion-dollar fraud scandal – though she could still save her life if she can repay most of the funds she embezzled.

Lan, who founded the real-estate developer Van Thinh Phat, was sentenced to death in April for embezzling $12bn (£9.95bn) from Saigon Commercial Bank (SCB), in a case that shocked the country.

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Vietnamese tycoon must find $9bn to avoid death penalty after appeal fails

She is now in a race for her life - if she can pay back 75% of what she took, she could be spared.
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