2mo ago

Real estate tycoon must pay $9 billion to avoid execution in Vietnam

www.nbcnews.com Real estate tycoon must pay $9 billion to avoid execution in Vietnam

Truong My Lan’s death sentence could reportedly be commuted to life in prison if she repays three-quarters of the $12 billion she was convicted of embezzling.

Summary

Vietnam’s High People’s Court upheld the death sentence for real estate tycoon Truong My Lan, convicted of embezzlement and bribery in a record $12 billion fraud case.

Lan can avoid execution by returning $9 billion (three-quarters of the stolen funds), potentially reducing her sentence to life imprisonment.

Her crimes caused widespread economic harm, including a bank run and $24 billion in government intervention to stabilize the financial system.

Lan has admitted guilt but prosecutors deemed her actions unprecedentedly damaging. She retains limited legal recourse through retrial procedures.

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171 comments

All we gotta do is sentence a handful of billionaires to death and watch the behaviour change when they realize they're not insulated from consequence anymore.
- Yeah but what they are going to do is make sure they get those protections back. They aren't going to get better.
  
  Then sentence more of them as necessary. Im all for sweeping changes but we're not getting them. Convincing America to kill someone seems way more likely to me.
  
  You didn't hear it from me, but I heard that billionaire skipped the fare on the subway...
  
  Shit, that's peanuts. Every single billionaire worldwide wakes up every single day, and actively chooses to murder people. I'm not being hyperbolic.
- Imagine all the outrage from red state conservatives if we attempted this.
  
  Or from blue state liberals because "we're better than them" or some shit.
  
  It’s not like any of us want life to be made so difficult when we’re billionaires either
  
  Good point, good point.
  
  I'm okay with the outrage.
  
  Oh who cares, they get outraged when a day ends in y.
  
  There wouldn't be any outrage outside of 100s of the wealthy donors. Liberals would completely be more outraged because of norms and civility. The entire point of "drain the swamp" was that most people hate oligarchs, the point of Republicans is to redirect this off into racist and unproductive channels, where nothing ever comes of this hate for corporate and wealthy overlords.
- Hold them accountable for all the preventable deaths resulting from them screwing around with the economy. 2008 would have seen a ton of them going to prison for the rest of their life.
  
  2008 turned me from a lib into an anarchist. I've completely lost faith in their facade over oligarchy.
- In most, if not all, of the world billionaires can just murder whomever they can't buy.
  
  Clearly not Vietnam

171 comments