Real estate tycoon must pay $9 billion to avoid execution in Vietnam
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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She's a real estate profiteering billionaire who conned regular people out of their savings. I say let her pay 100% back and then fetch the guillotine.
So make it a one time only thing then? Next billionaire you have in the dock will know you can’t be trusted to keep your word (“return the money and your life will be spared“) and so will have zero reason to cooperate.
Nobody said it had to be in the order mentioned.
I like this direction. Let’s do the rest of the billionaires.
Nah, gotta go higher than what they stole. 300% should be minimum.
That just sounds like every landlord I've lived under. I agree.
Cut her open and sell the parts.