Vietnam court upholds death sentence for real estate tycoon in $12 billion fraud case

A court in Vietnam on December 3 upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal, state media reported.

HANOI (Reuters) - A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery, state media reported.

Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was sentenced to death in April for her role in a financial fraud worth more than $12 billion, Vietnam's biggest on record.

(Reporting by Khanh Vu; Editing by Martin Petty)