Vietnamese billionaire sentenced to death for fraud

Pekelo

Pekelo

Remember the British dude who was too old for jail? Well she is only 67, so young enough to die:

https://www.bbc.com/news/world-asia-68778636


Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country's largest banks over a period of 11 years.

It's a rare verdict - she is one of very few women in Vietnam to be sentenced to death for a white collar crime.

The decision is a reflection of the dizzying scale of the fraud. Truong My Lan was convicted of taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. The verdict requires her to return $27bn, a sum prosecutors said may never be recovered. Some believe the death penalty is the court's way of trying to encourage her to return some of the missing billions.


.... over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

That much cash, even if all of it was in Vietnam's largest denomination banknotes, would weigh two tones.
 
maxinger said:
In the Western world, there wouldn't be a death sentence for such a crime.
More...

in most parts of the western world, you can rape and kill many children and not get the death penalty. In the US it would take 20 years before they put you down.
 
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and in India, if a woman is raped, she will be stoned to death in her village.

And in the Middle East, if a maid is raped and she kills her employer because of self-defense,
the maid will be put to death.

Does Afghanistan still chop thief's hands?
But they don't chop the rapist's penis.


different countries different punishments.
 
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Note to my future billionaire myself: Don't forget to switch countries AFTER I became rich or a fraudster, whichever comes first.

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A said but realistic description of Vietnam today from Reddit:

"Went there in 2022 to fulfill a lifelong dream, and it was not what I expected. All the beauty and the food were exactly as I thought they'd be, but the government and the situation of the people... oof. Communism is just like any other form of government; the rich (who aren't even supposed to exist) have found their ways to keep everyone else down, just like they do in every other system. It's sad to see.

Military contractors, politicians, and real estate moguls have all the money. The other 99.5% of the population gets to fight for what's left over. We met lovely people who worked tirelessly for 80-hour weeks, and they'd go home where they live in multi-generational cramped apartments. Grandparents and parents sleeping in one room, all the grandkids in the other. 2 rooms total. Kitchen and bathroom squeezed in there as well. Beds that are rolled out at night and stashed during the day. Brutal living situations in the city.

And if you ask them about it, they refuse to speak ill of the situation out of fear of being caught "speaking against the government." They are so, so lovely and polite and friendly. It's amazing how they stay positive in such a shit situation.

It's not everyone of course. There is a middle class that own relatively spacious homes decent cars, but the blue collar folks are fuuuuuuucked. Working to the bone, making almost no money, and getting everywhere on motorbikes. It's bleak.

That being said, I still recommend a visit. Just brace yourself for the litter/garbage everywhere, and for the poverty. The food is still incredible and the people are nice."
 
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Pekelo said:
Note to my future billionaire myself: Don't forget to switch countries AFTER I became rich or a fraudster, whichever comes first.
More...
But then you will be living in no peace, no joy, no happiness despite the richness.

Then better be dead than alive.
 
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