The 68 -year -old man was found guilty of money laundering of US dollars and illegal cross -border traffic by US $ 4.5 billion.
She was also found guilty of fraud with bonds up to 1.2 billion US dollars.
During the appeal, the prosecutors called for a reduced conviction for LAN, citing her reimbursement of a quarter of the money she has frauded with thousands of bond investors.
In October, the court had determined that LAN was “the brain, committed crime with sophisticated methods, on several occasions, provoking particularly serious consequences”.
33 other defendants were also sentenced during the lan trial in October and were sentenced to prison terms ranging from two to 23 years. The state media said that 27 of them called on their sorrows.
During his first trial in April 2024, LAN was found guilty of dollars of $ 12.5 billion, but the prosecutors said that the damage caused by the scam totaled $ 27 billion – equivalent to around 6% of the country's GDP in 2023.
LAN held only 5% of SCB shares on paper, but the Court concluded that it effectively controlled more than 90% through family, friends and staff.
Tens of thousands of people who had invested their savings in the bank have lost money, which caused rare protests in the Communist Nation.
