Vietnamese billionaire sentenced to death for $44bn fraud | BBC News

A Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks over a period of 11 years.

Truong My Lan was convicted for taking out $44bn (£35bn) in loans from the Saigon Commercial Bank.

Prosecutors said $27bn may never be recovered.

Authorities said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.

The evidence was in 104 boxes weighing a total of six tonnes.

Eighty-five defendants were tried with Truong My Lan, who denied the charges.

Subscribe here: http://bit.ly/1rbfUog

For more news, analysis and features visit: www.bbc.com/news

#TruongMyLan #Vietnam #BBCNews