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LiberalArkie

(15,746 posts) Thu Apr 11, 2024, 11:25 AM Apr 11

Vietnam tycoon sentenced to death in $12 billion fraud case

A court in Vietnam sentenced real estate tycoon Truong My Lan Thursday to death over her role in a 304 trillion dong ($12.46 billion) financial fraud case, the country’s biggest on record, state media reported.

Her trial, begun on March 5 and ending earlier than planned, was one dramatic result of a campaign against corruption that the leader of the ruling Communist Party, Nguyen Phu Trong, has pledged for years to stamp out.

Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery and violations of banking rules at the end of a trial in the business hub of Ho Chi Minh City, state media said.

“We will keep fighting to see what we can do,” a family member told Reuters, speaking on condition of anonymity. Before the verdict he had said Lan would appeal against the sentence.

Snip

https://edition.cnn.com/2024/04/11/business/truong-my-lan-vietnam-fraud-death-sentence/index.html

5 replies

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Vietnam tycoon sentenced to death in $12 billion fraud case (Original Post) LiberalArkie Apr 11 OP

TFG is soooo glad he's not Viet Namese. marble falls Apr 11 #1

No, but... EYESORE 9001 Apr 11 #3

That's certainly another way to handle white collar crime CanonRay Apr 11 #2

I recall reading, perhaps 50 years or more EYESORE 9001 Apr 11 #4

Correct TexasBushwhacker Apr 11 #5

marble falls

(57,854 posts)

1. TFG is soooo glad he's not Viet Namese.

Reply to LiberalArkie (Original post)

Thu Apr 11, 2024, 11:28 AM

Apr 11

EYESORE 9001

(26,060 posts)

3. No, but...

Reply to marble falls (Reply #1)

Thu Apr 11, 2024, 11:33 AM

Apr 11

I bet this sentence is inspirational to certain would-be despots.

CanonRay

(14,163 posts)

2. That's certainly another way to handle white collar crime

Reply to LiberalArkie (Original post)

Thu Apr 11, 2024, 11:30 AM

Apr 11

EYESORE 9001

(26,060 posts)

4. I recall reading, perhaps 50 years or more

Reply to CanonRay (Reply #2)

Thu Apr 11, 2024, 11:37 AM

Apr 11

that stiff punishment (no pun intended, I assure you) for white-collar crime is many times more effective as a deterrent than it is for all other types of crime..

TexasBushwhacker

(20,262 posts)

5. Correct

Reply to EYESORE 9001 (Reply #4)

Thu Apr 11, 2024, 12:25 PM

Apr 11

Many crimes are committed in the heat of passion or under the influence of alcohol or drugs. Those crimes will continue regardless of the severity of the punishment.

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