Vietnam tycoon Truong My Lan gets life term; already has death sentence from separate trial

Vietnamese real estate tycoon Truong My Lan sits in court waiting for her verdict on fraud, money laundering and illegal cross-border money transferring in Ho Chi Minh City on Oct 17. - AP

HANOI: A court in Vietnam on Thursday (Oct 17) handed a life sentence to real estate tycoon Truong My Lan on financial fraud charges, after she was sentenced to death in April in a separate trial.

Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of obtaining property by fraud, money laundering and illegal cross-border money transfers, according to state-run Tuoi Tre newspaper.