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Truong My Lan, a Vietnamese real estate tycoon, was sentenced to death on Thursday for her role in a financial fraud case, in a major display of the ruling Communist Party’s resolve to crack down on corruption.
A court in Ho Chi Minh City sentenced Ms. Lan, who was arrested in 2022 and faced charges of bribing government officials, violating banking regulations and embezzling more than $12 billion from one of Vietnam’s largest banks.
The trial for Ms. Lan, who was the chairwoman of the real estate developer Van Thinh Phat Group, was part…