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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Do they offer this deal to regular, desperate thieves or just billionaires?
Do you mean the deal to avoid the death penalty in favor of life imprisonment, or a reduced sentence for returning the stolen goods?
If it is the former, I kinda doubt that a normal thief is looking at the death penalty. If it is the latter, I wouldn't see a reason that they wouldn't. Even in the capital of cruel and unusual punishments, Saudi Arabia, followed closely by the US, they don't deny a lesser sentence when restitution is an option.
everyone in government and in business here in vietnam is stealing and scamming. everyone knows it, and it's done openly. you only get "caught" when someone important doesn't like you anymore.