Vietnam death row tycoon begins appeal in US$17.7 billion money laundering case

Vietnam death row tycoon begins appeal in US.7 billion money laundering case

It is the first day Lan and her father, Chu Nap Kee, are in court together, and they are not contesting the two-year statement he was given in October for money laundering.

According to state advertising, a conviction is anticipated on April 21 and Lan may face legal challenges.

The 68-year-old was found innocent of unlawful cross-border prostitution of US$ 4.5 billion and laundering US$ 17.7 billion.

Additionally, she was found guilty of bribe-fraud, resulting in US$ 1.2 billion in friendship fraud.

The jury determined that Lan was” the genius,” used advanced techniques, and frequently had extremely serious consequences.

In Ho Chi Minh City, 33 additional accused received sentences ranging from two to 23 years in prison.

According to state advertising, 27 of them are contesting their words.

Although Lan was found guilty of embezzling US$ 12.5 billion during her first trial in April, the prosecution claimed that the scam had caused US$ 27 billion in full, or about 6 % of the nation’s GDP by 2023.

Lan initially only had 5 % of SCB stocks on paper, but the jury came to the conclusion that she successfully controlled more than 90 % through relatives, friends, and employees.

Tens of thousands of lender depositors lost income, shocking the socialist country and provoking sporadic protests from the patients.