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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I don't support the death penalty, but I won't be terribly sad if a criminal billionaire gets executed by their own government.
I fully support it for the rich and powerful just because prisons can't reliably hold them. If they're not put in the ground, they'll worm their way out of consequences eventually.
Can I ask what's the cutoff? How much money/how high of a position qualifies you for the electric chair?
Higher than you’ll ever have to worry about.
I'm not worried lol I'm poor. I'd like a number cause if you're for death penalty, you should've thought long and hard through all the details.
Cause you know. It's about killing people.
0.01-0.1 % net wealth to the nations GDP seems a good cutoff imo. For the US that would be 2.9-29 billion. For Vietnam that would be 47 million - 470 million.
About tree-fiddy
I'd say if you can comfortably afford to live your life without ever once checking a bank balance.