Vietnam Tycoon Told to Repay $11 Billion to Avoid Execution
- Property tycoon Lan was convicted of $12.3 billion fraud
- Investors agree to provide $400 million loan, her lawyer says
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Vietnamese prosecutors have told property tycoon Truong My Lan she must repay an estimated $11 billion if she wants to avoid execution by lethal injection.
Lan, 68, is appealing her death sentence after being convicted in April of embezzling $12.3 billion from Saigon Commercial Bank. She was also found guilty of bribing government officials and violating bank lending rules.