But Lan argued in the wake of new land price guidelines issued by authorities in Ho Chi Minh City, where most of the projects are situated, their value had likely increased by 3 to 5 times.
She added that if her other 440 assets were valued, the state could collect another US$7.7 billion at least.
“I believe that with my 30-year experience in the real estate business and my thorough legal understanding … I could turn most of the assets into a golden goose so that the state can recover the costs,” Lan wrote in her letter, pleading for authorities to allow her involvement.
Tens of thousands of people who invested their savings in SCB lost money, shocking the communist nation and prompting rare protests from the victims.
In a second appeal trial in April this year, Lan’s life sentence in a separate US$17-billion money laundering case was cut to 30 years.
Prosecutors said she had repaid a quarter of the US$1.2 billion she defrauded from thousands of bond investors.
Source: CNA
