Truong My Lan, a prominent property developer, was sentenced to death for siphoning $44 billion from Saigon Commercial Bank over 11 years.
Vietnamese billionaire sentenced to de3th for $44bn Fraud
She faced a historic trial in Vietnam for orchestrating one of the world’s largest bank frauds.

Authorities revealed staggering details: Lan’s loans accounted for 93% of the bank’s lending, with $27 billion unrecoverable. The trial involved 2,700 witnesses and 85 defendants. Lan’s lavish lifestyle contrasted sharply with her courtroom appearance.

According to prosecutors, for three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

Her fraud, executed through shell companies and bribery, raised questions about regulatory oversight and the influence of powerful figures in Ho Chi Minh City’s business and political circles.

Analysts see the trial as a move to curb corruption and assert the Communist Party’s control over the city’s business landscape. However, it also highlights the challenge of combating corruption without stifling economic growth, a delicate balance for Vietnam’s future.

https://ladunliadinews.com/vietnamese-billionaire-sentenced-to-de3th-for-44bn-fraud/

Good development! Ride on Vietnam.
That's why I love these Asian One party Communist Countries.They don't tolerate any form of embezzlement of public funds or fraudulent business dealings, and will take drastic measures to curtail the menace to the lowest minimum.
China is also a one party Communist nation and has the same severe penalties.
But here in Nigeria, such crooks would be pampered.

In Nigeria she would be rewarded with a national honor by the FG while her ethnic group will be protesting her innocence and claiming witch hunting while her church reserves a front row seat for her on Sundays.

What a man can do...