Vietnamese property tycoon Truong My Lan has lost her appeal against her death sentence for masterminding the world’s biggest bank fraud. The 68-year-old is now in a race for her life because the law in Vietnam states that if she can pay back 75% of what she took, her sentence will be commuted to life imprisonment.

Her only hope is to repay $9bn – 75 per cent of the misappropriated funds – to have her sentence commuted to life imprisonment

An appeals court upheld Truong My Lan’s death sentence for bank fraud but suggested she could avoid execution by repaying three-quarters of the money she stole.

Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.

The death sentence for real estate tycoon Truong My Lan has been upheld in Vietnam’s largest fraud case, the scale of which had raised concerns about the country’s economy

A court in Vietnam has upheld the death sentence for real estate tycoon Truong My Lan but said it could be commuted to life if she reimburses some $11 billion.

A Vietnamese property tycoon sentenced to death for a multi-billion-dollar fraud will learn Tuesday whether her life will be spared, as an appeal court reaches its verdict on one of

To avoid the death penalty, Lan will need to pay back around $11 billion which is estimated to be around three-fourths of the amount she embezzled.