World’s Richest Woman, Truong My Lan Sentenced To Death For Stealing $44billion

Troung My Lan

 Truong My Lan, a Vietnamese  investment banker and the world's richest woman  has hit rock bottom as a court has sentenced her to execution for corruption. She defrauded   one of the  country's   biggest  banks of  forty four  billion in dollars over a  duration  of eleven  years   record  says. 

 Lan   became  convicted of taking out $  forty four  billion (£35 billion) in loans from the Saigon Commercial Bank. 

 The verdict   calls for  her to return $27 billion, a sum prosecutors   stated  might never be retrieved   in spite of  her promising in the   courtroom  she'd sale her her  homes to be able to pay off. 

 The 67-year-old  Vietnamese billionaire has been referenced to carrying out one  out of the  greatest frauds of any financial institution the world  has ever seen. 

 They couldn’t even   anticipate  the   display  trial to   attain  its scheduled conclusion. In a   surprise  early verdict, a Vietnamese   court sentenced   one of the  world’s wealthiest   women  to be  death.

 The   life-style  of Vietnam’s nouveau riche elite   became  uncovered  all through  the devastating trial in Ho Chi Minh City that convicted Truong My Lan of stripping the country’s   largest  financial institution  of   large  sums of   cash  in a   rip-off  worth $  forty four  billion. 

 The   judge admitted  she deserved “the   hardest  sentence”   even as  acknowledging she had   by no means  formerly  been arrested before. She broke down in tears as she battled for her   existence  earlier before the sentence  was pronounced. She told the court it was “  because of  my   lack of knowledge  of   criminal  matters,” 

 , that she “did   the wrong things.” 

 

 She   was charged with   accumulating  wealth   thru  cash   and   bank transfers embezzled   via  shell   agencies  from   non-public  banks   wherein  she held controlling stakes. 

 Prosecutors   stated  that they'd  seized   extra  1,000   houses  from her  empire. 

 Lan and husband while fighting   for their  lives,  she and husband Eric,   physically  exhausted, promised the   courtroom  to  sale pretty much  all their   belongings  everywhere  in Vietnam   in addition to  China,   together with  Hong Kong, to pay   their  investors. All Lan   desired  for herself, she   stated ,   was to own a  villa valued at $28 million on a leafy HCM   boulevard dating  from 1925 at   the peak  of the French colonial era. 

 "Please   allow  my daughter   maintain  the villa so   she will be able to  maintain and   keep it as a Vietnamese relic,” she pleaded,   however  her daughter, Elizabeth   stated  she didn’t   need  it.