INSUBCONTINENT EXCLUSIVE:
In a significant legal ruling, a court in Vietnam sentenced Truong My Lan to death for embezzling an estimated $12 billion.Starting as a
late 1980s.Her rise culminated in acquiring control of the Commercial Bank of Saigon in 2012, formed from three nearly bankrupt
banks.Despite regulations limiting individual bank share ownership to 5%, Lan secretly controlled over 90% of the bank through proxies and
(Photo Internet reproduction)Lan was also implicated in extensive corruption, including a $5 million bribe to the chief inspector of
transported to her residence.The high-profile trial involved 2,700 witnesses, 10 prosecutors, and about 200 lawyers, with case materials
imprisonment of hundreds of officials and the resignation of high-level figures including two presidents and deputy prime ministers.Lan
pleaded not guilty and expressed remorse, citing a lack of banking and legal knowledge
