Vietnamese property tycoon jailed for life in $17 billion money laundering case has sentence cut to 30 years—but she still faces death penalty in another case

A Vietnamese one-person jailed in a $ 17-billion cash laundering case cut in 30 years of appeal on Monday “accident”.

The Developer of the Property Truong is my way lost a challenge against the death penalty in a separate case in which he found guilty last year from the SIGON Commercastic Bank (SCB) and Require worth $ 27 billion.

The court of appeal ruled no basis to reduce his sentence but said he could escape death in death when he returned to three-quarters of stolen assets.

Four months later, an appeal to Ho Chi Minh City ordered on Monday the life sentence given to three seconds of the Second Trial of October will be reduced for 30 years.

“LAN is playing the main role … (but) we also consider the amount of money spent on the LAN to participate in the discussions about how his possessions can be used to open victims of his crimes.

The prosecutors said he changed a quarter of $ 1.2 billion he cheated from thousands of bond investors.

Lan’s husband Chu Lap Co did not appeal, but the judge concluded that his two-year sentence should be cut in half he paid $ 1.2 million he found.

In his final words in court last week, Lan described what happened as an “accident”.

“Since imprisoned, I tried my best … to ask for the best solutions to (deal with my) projects and property,” he quoted in state media.

“Please recognize my effort,” he added.

‘Mastermind’

68-year-olds found guilty in October of laundry $ 17.7 billion and illegal cross-border trafficking of $ 4.5 billion.

He also found guilty of cheating in the bond.

The court specified during the test Lan is “The Mastermind, committed crime with sophisticated ways, many times, causing worse results”.

In his first settlement on April 2024, Lan found guilty of the floating of $ 12.5 billion but prosecutors caused by scam 5,000 worth of 2023 GDP in Vietnam.

LAN owned only five percent of the SCB parts of the paper but the court concluded that he effectively controlled more than 90 percent through family, friends and staff.

Tens of thousands of people investing in their bank saves lost money, prompting rare protests in the Communist country.

This story originally shown Fortune.com

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