Ho Chi Minh City — A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages. A panel of three hand-picked jurors and two judges rejected all defense arguments by Truong My Lan, the chair of major developer Van Thinh Phat, who was found guilty of swindling cash from Saigon Commercial Bank (SCB) over a decade.

"The defendant's actions... eroded people's trust in the leadership of the (Communist) Party and state," read the verdict at the trial in southern business hub Ho Chi Minh City.


Lan embezzled $12.5 billion, but prosecutors said Thursday the total damages caused by the scam now amounted to $27 billion — a figure equivalent to six percent of the country's 2023 GDP. The figure dwarfs even the amount that FTX cryptocurrency exchange founder Sam Bankman-Fried was recently convicted of swindling his customers out of, estimated at around $10 billion.

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https://www.cbsnews.com/news/vietnam-property-tycoon-truong-my-lan-death-sentence-fraud-embezzelment/?ftag=CNM-00-10aab6a&linkId=393521317&fbclid=IwAR1jsvph2CPu-xCa9oeS4vdZ2zrpiwxSTbG9dekJJeIVF85cLIt_vpJc0b4





If this was in Nigeria, our shameless
judiciary will collect part of the embezzled
money & be offering her plea bargain..😐😐😐

thats why i love some of these Asian laws...they dont fukc around with these crimes.

MrBrownJay1:
thats why i love some of these Asian laws...they dont fukc around with these crimes.

“Some of these Asian laws” also involve thousands of jailed political dissidents and serious human rights abuses.

Plus you only have an OUTSIDER’S view of this Vietnamese case.

Firstly, the amount she embezzled was $44 billion, not $12 billion. Hence the national outrage and death sentence.

Secondly, in Vietnam itself the people are calling it ‘selective justice’, saying that there are many other bankers doing the same thing, and that it is the northern political oligarchy trying to slow the economic dynamism of the south.

Remind you of somewhere?

Tellmeastory:
“Some of these Asian laws” also involved thousands of jailed political dissidents and serious human rights abuses.
Plus you only have an OUTSIDER’S view of this Vietnamese case.
In Vietnam itself the people are calling it ‘selective justice’, saying that there are many other bankers doing the same thing, and that it is the northern political oligarchy trying to slow the economic dynamism of the south.
Remind you of somewhere?

so this women shouldnt be prosecuted and die because others do the same? here is a simple clue: many corrupt people embezzle money all over the world, and many go scott free (due to one reason or the other), and that certainly shouldnt be a reason to NOT prosecute the above thief.

so whats important here is.... is she guilty of the crime? YES! is the penalty (for such crime in Vietnam) death? YES AGAIN!

Tellmeastory:


“Some of these Asian laws” also involve thousands of jailed political dissidents and serious human rights abuses.

Plus you only have an OUTSIDER’S view of this Vietnamese case.

Firstly, the amount she embezzled was $44 billion, not $12 billion. Hence the national outrage and death sentence.

Secondly, in Vietnam itself the people are calling it ‘selective justice’, saying that there are many other bankers doing the same thing, and that it is the northern political oligarchy trying to slow the economic dynamism of the south.

Remind you of somewhere?

Naija for show.

@OP, not $12 but $44b dollars.

AfonjaScud:
@OP, not $12 but $44b dollars.

Her personal take of which she is
facing the judgement is $12bn

adecz:




Her personal take of which she is
facing the judgement is $12bn

Ok