The death sentence for real estate tycoon Truong My Lan was upheld Tuesday in Vietnam's largest fraud case, the scale of which had raised concerns about the country's economy. She had been convicted in April of embezzlement and bribery over the fraud amounting to $12.

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

A Vietnamese court has upheld the death sentence for real estate tycoon Truong My Lan, rejecting her appeal against convictions for embezzlement and bribery in a fraud case involving over $12 billion.

Vietnamese tycoon Truong My Lan has lost her appeal against the death sentence handed down in April for masterminding the country’s largest ever fraud scandal.