HANOI: A Vietnamese property tycoon sentenced to death for fraud totaling $27 billion will no longer face execution, her lawyer said Wednesday, as the country abolished capital punishment for eight crimes, including property embezzlement. Property developer Truong My Lan’s lawyer Giang Hong Thanh said that her death penalty “will be converted to life imprisonment... I informed Ms. Lan this morning, she is very happy.” Vietnam on Wednesday abolished the death penalty for eight crimes including espionage, graft and attempting to overthrow the government, according to state media.

Vietnam abolishes death penalty for embezzlement and other crimes, sparing tycoon's life in $12-billion fraud case.

The death sentence has been removed from eight criminal offences and replaced with life imprisonment for offenders.