Appeal of Vietnam death row tycoon to begin in separate case

Appeal of Vietnam death row tycoon to begin in separate case
Property developer Truong My Lan was found guilty of swindling money from Saigon Commercial Bank in April 2024 and sentenced to death for fraud totalling $27 billion. (AP/File)
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Updated 22 March 2025

Appeal of Vietnam death row tycoon to begin in separate case

Appeal of Vietnam death row tycoon to begin in separate case
  • Property developer Truong My Lan was found guilty of swindling money from Saigon Commercial Bank in April 2024
  • Lan appealed that verdict, and the court determined there was no basis to reduce her sentence

HANOI: The appeal of a Vietnamese property tycoon convicted of money laundering will begin next week, state media said on Saturday, three months after losing her appeal against the death penalty in a separate case.
Property developer Truong My Lan was found guilty of swindling money from Saigon Commercial Bank (SCB) in April 2024 and sentenced to death for fraud totalling $27 billion.
Lan appealed that verdict, and the court determined there was no basis to reduce her sentence, but said she could still escape the death penalty if she returned three quarters of the stolen assets.
Now, she is appealing the verdict from a second trial in October, in which she was sentenced to life in prison for three crimes.
The appeal is scheduled to begin on Tuesday and last until April 21, and Lan will be defended by eight lawyers, state-run news site VNExpress said Saturday.
The 68-year-old was found guilty of laundering $17.7 billion and illegal cross-border trafficking of $4.5 billion.
She was also found guilty of bond fraud to the tune of $1.2 billion.
Twenty-seven others will also appeal their sentences, state media said.
During her first trial in April, Lan was found guilty of embezzling $12.5 billion, but prosecutors said the total damages caused by the scam amounted to $27 billion — equivalent to around six percent of the country’s 2023 GDP.
Lan owned just five percent of shares in SCB on paper, but at her trial, the court concluded that she effectively controlled more than 90 percent through family, friends and staff.
Tens of thousands of people who had invested their savings in the bank lost money, shocking the communist nation and prompting rare protests from the victims.


Bangladesh offers reward for stolen guns before polls

Bangladesh offers reward for stolen guns before polls
Updated 11 sec ago

Bangladesh offers reward for stolen guns before polls

Bangladesh offers reward for stolen guns before polls
  • An estimated 6,000 firearms were stolen from police armories during the deadly August 2024 unrest that toppled the hard-linerule of then-prime minister Sheikh Hasina

DHAKA: Bangladesh announced on Wednesday cash rewards to surrender machine guns, rifles and pistols looted during an uprising last year, hoping to collect hundreds of weapons ahead of key elections.

An estimated 6,000 firearms were stolen from police armories during the deadly August 2024 unrest that toppled the hard-linerule of then-prime minister Sheikh Hasina.

More than 1,300 are still reported as missing, police spokesman AHM Shahadat Hossaine told AFP.

Police issued a list of rewards for their return, ranging from just over $4,000 for a light machine gun to $800 for an assault rifle, and $400 for a shotgun or pistol. Cash would also be paid for ammunition.

“Bangladesh Police guarantee full confidentiality,” Hossaine said, urging people to hand them in.

Bangladesh has been in political turmoil since Hasina fled into exile last year, and political parties are jostling for power ahead of polls slated for February 2026.

Dhaka-based rights group Odhikar says political violence since the uprising has killed nearly 300 people.

More than 150 others have been killed in mob violence, according to Odhikar.

Investigators meanwhile continue to probe a devastating fire that tore through the cargo complex of the country’s main international airport on October 18.

Bushra Islam, a senior official at Biman Bangladesh Airlines, told AFP that a team had found the smashed lock of a vault which had survived the fire — a strongroom used to store arms, as well as valuable items such as gold and diamonds.

Islam said it was not clear “how many arms have gone missing, if any.”

A senior police officer, speaking on condition of anonymity, said a team had inspected the vault after the fire.