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.
You're viewing a single thread.
These god-damn violent tankies. Vietnam should have just fined her a much smaller amount than the corrupt practices made them, like how the West handles corrupt oligarchs.
Seriously. If she was born in the West, she'd be on the cover of Forbes and taking photos next to celebs.
No... A closer comparison shows that she would be like Sam Bankman-Fried with a 25 year sentence and ordered to repay $11 billion. Although she probably would end up on a cover of Forbes.
Bankman Fried didnt steal just from the people. He stole from other billionaires.
"You didn't just steal from people, you had to go and steal from people who had a lot of money and THAT crosses a LINE!"
--American justice system
Nice false dichotomy.
It's sarcasm
If you read up on her crimes they are pretty extreme, she ran a bank and other people put money in, she personally embezzled billions, and it's already taking the gov billions to keep the bank from collapsing,