Vietnam: Real estate tycoon on death row for $12 billion fraud loses appeal | DW News
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- Опубліковано 8 гру 2024
- A court in Vietnam has upheld the death penalty for the woman behind the nation's largest financial fraud case.
Real estate tycoon Truong My Lan had appealed her April conviction for embezzlement and bribery. She stole more than 12 Billion dollars in a bank fraud scheme. The court said that her life could be spared if she pays back three quarters of the stolen funds.
For more on this, we talk to Michael Tatarski who's a freelance journalist based in Ho-Chi-Minh-City, Vietnam.
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White collar crime deserves harsh penalties.
yes absolutely, too many psycho's and narcissists
Death seems extreme. But 12 billion is enough blur the lines between treason against a whole society. In an economy the size of Vietnam it could lead to immeasurable suffering or even many deaths. Meanwhile, here, we cant even enforce a fine on the Sackler family for illegal drug dealing opioids through their corporation. And the deaths of thousands upon thousands. We have to stop pretending white collar crime is victimless and non-violent. Its hard to feel any sympathy.
Stealing from the people.
Yea trumps 6 bankruptcys
In the US, a rich thief who stole billions of dollars would get an ambassadorship or cabinet position.
How’s it going coronating your Latest Sun Emperor?
Popualist waffle. SBF got decades in jail
@@markushaahr9194🤌🏼🔥
In the USA? Trump is a corruptor and becomes a president and Biden forgave his son's crimes.
Actually in the US he will become president 😹
12 Billion is insane LMAO
Fun fact: thats around 2.8% of Vietnams gdp. An equivalent to that in the US would be around 750$ billion. No wonder she got the death penalty
In the USA? Trump is a corruptor and becomes a president and Biden forgave his son's crimes.
Wait until you find out how much the corrupt governments steal lmao 🤣 UN says 2 trillion EACH year jajajajajaja jajajajajaja
She’s been accused even directly or indirectly of a missing £27 billion(£12 personally + 15 indirectly) , which is 6.75% or 7% of Vietnam total GDP
Which is just insane
The money she stole will not pay for her life.
It’s a corruption issue…
Harsh, but she would've only gotten a slap on the wrist in the US.
The USA is not for the people. It stands for the billionaire class.
Her money is in China 🇨🇳 now.
we need this approach to fraud in Nigeria.
Repaying the 3/4 of the money stolen sounds like a fair exchange for her life. Of course, she'd have to do community service to recoup the remaining $3b...
Just not possible.
Making money disappear by corruption,
means it is probably impossible to come up with that sum.
it doesn't matter what will happen to her, it's about setting an example, that's true meaning of punishment & law. Do you really think jail time & community service can change a person, no, it acts as a detergent to future criminal, to show them what will happen if they dare to carry out such an act. The west can take a page out of VN & China's book of dealing with corruption.
Wonder how many community service lives she would need to repay 3 billion.
Absolutely crazy what greed does to a human, totally deserved though stealing 3% of your own countries gdp shows you have zero empathy for anything else but yourself.
EXACTLY! Just imagine how many people suffered or died bc of her and everyone involved
Bangladeshi ex prime minister Hasina did same with Bangladesh. Then she fled to India and now spending all those money there. Modi Sheltered her just because of her looted money.
I like the independent journalist, keep on the good work
As a Vietnamese American, I heard stories of fresh of the plane Vietnamese, who just arrived. They buy big houses in America with cash.
when your hand is in the cookie jar and your brain keeps telling you: _"just one more cookie"_
the 2 officers on either side of her are doing their best to make her as uncomfortable as possible.
So why can't they confiscate the properties she may have bought ?.
You dont steal a billion and start purchasing stuff.. you hide it and have third party pay for all your expenses... likely they will not find the money
other than document related issues, the market is driving the price down, so, low price and low liquidity.
Truong My Lan is a Chinese-ethnic Vietnamese, and she married a Chinese guy. So most of her money had long gone to China, her properties in Vietnam is just pocket changes.
the world is waiting for her victims to speak out - and to say that the sentence is too harsh
12 Billion dollars? That is amazing for Vietnam but chump change compared to Madoff's 65 billions. 😂
Other countries will refuse extradition requests
There are times when i wish our rich and powerful would have to face equal harsh laws, especially when news about their latest tax evasions come to light or how their lobbyists make it so that they do not have to pay taxes in the first place. Besides the social boiling kettle waiting to explode produced by such unjust laws and regulations that lead to plutocracies or oligarchies, it is also understood that when social services are underfunded, systems crumble eventually and many are aware how and why that started even though there are some of the rich who may try to direct blame towards scapegoats, gaslighting minorities and such. If the system isn't working anylonger for the people, then it will eventually also fail to work for the elites.
Maybe Europe should learn from Vietnam how to fight a corruption to deal with this kind of situations
Vietnam justice system in this case is more advanced than all Western countries. The scale of the money robbed from country where people incomes are extremely low justifies her conviction and sentencing, and unless the country able to claw back most of the money stolen to me is justified. The so called white collar crime of this magnitude for exceeds even murders of violent crimes.
She couldnt never have done it by herself. A discover of high profile corruption in an autocracy usually means a purge. Everyone in vietnam knows corruption is part of faily life. Direct comparision is very misleading.
President would pardon her if she was in the USA.
In the USA? Trump is a corruptor and becomes a president and Biden forgave his son's crimes.
The billionaire class is a privileged class in the USA.
She's Chinese. Her hometown is Guangzhou, China 🇨🇳. Both of her parents are Chinese.
Her husband is also a Chinese living in Hong Kong.
He's the mastermind of the scheme.
And?
This is factually correct but misleading. A lot of people from China migrated to Vietnam around 2~3 centuries ago. They have lived in Vietnam their whole life.
So sure, she is Chinese, but she is also Vietnamese.
This is wrong! Over money? Those who condemn this person will meet the same fate, 10 fold.
9 billion or your life is insane. How can she afford that
She scammed $12bil so completely affordable
Behind bars she can't get that
Vietnam’s GDP =. Elon Musk’s wealth.....😂😂😂
I'm just shocked but it took the government this long prosecute I'm also shocked that you did not leave the country years ago she deserves the harsh punishment that she gets. If she was a business person here in the United States should be assigned a position of power and control of other people's lives and monies that's is the irony. Let's see where her story ends up in the with all the complex that's going around the world Ukraine Gaza Lebanon I never ending list that keeps adding more and more tragedy to other people's lives
She took so much of the gdp thats why she got it
Good posture Michael 😅😅.
they ought to make her a professor if she's smart enough to steal that much, though disappearing makes more sense.
You're right they did the same for the man based on wolf of Wallstreet
bà này chỉ cần trả lại 3 phần 4 số tiền đã lấy sẽ được giảm án tử hình xuống chung thân , nhưng không chịu
Trả lại cho ai?
Seriously @dwnews ?? Did you hear how many times your "independent journalist" said "I think"? His report is worthless. I've been living here in Việt Nam for over 6 years and I know a guessing game when I see it.
Where is the stolen mone now? Tied up in construction projects. They have to be completed and sold first.
Highway Robber : Money or your life , choose .
Government : Money or your life , choose .
If she repays it all can she be free? And she is from china. Chinese government should pay for her and get her home.
That's a little too harsh
Some people who needed that embezzled money died without help. The sentence is not harsh.
@ygg5476 you are right, when you look at it that way, it pays to know the whole story
What she stole is 3% of her entire countries GDP. Do you understand how big of a number that is?
@@rogerrantz2024 also 12 billion is 3 % of Vietnams GDP. That's like someone in the US stealing 750 billion $.
It was an attack on the country.
償還所要求的資金🔔🔒⏳🧷📡
Just money...
Its just paper lol 😆
Bangladeshi ex prime minister Hasina has done same with Bangladesh. Then she fled to India and now spending all those money there. Modi sheltered her just because of her looted money.
Kapag dito sa Pinas yan. Matik Presidente na yan..
hi how are you?
Country to move to.. )))
Gee, if that happened here, we wouldn't have enough prisons for guys like Trump!
Well seriously, how would he ever get to play golf in prison ?
They probably reduced her to probation and release due to good behavior !!!!!
No. Vietnam actually does death penalty, and not even years. Most are done within 1. Hers maybe more interesting as no one knows time limit to repay
Feminist role model
She is Vietnamese with Chinese ancestry, just so you know.
What do you want to tell us?
@@zipfelchefchen6816 maybe the money trail follows china?
What's your point? You act as if Viets with no Chinese ancestors aren't committing crimes.
They crime was committed in Vietnam, with Vietnamese accomplices and she took advantage of Vietnamese corruption and loopholes in the system. She is read her charges and going through a Vietnamese court in the Veitnamese language This is a Vietnamese affair all around her descent doesn't matter. This case has implications for Vietnam.
So is she vietnamese or not?
😂
All she has to do is ask Hunter to marry her . Apparently his dad is throwing pardons around . Pretty sure before leaving office he can persuade the guys from viet nm to pardon her too .
Joey : 2nd Viet nm war or pardon her . I am gonna convert viet nm into 2nd ukrn , release my daughter in law .
Im all for going after white collar crime but the death penalty is never okay.
It's mostly to pressure her to give back the assets. The sentence will be reduced to life sentence if she manages to give 3/4 of what she stole back.
"Journalist" but can't get his words out, stutters, and says uh, um, err every sentence 🤔
Most don't work in front of the camera
He's a journalist not a public speaker
You can't be sentence to death over money, how frigged up is that!
Tell that to soldiers in banker's wars!
18 billion she needs to start talking or repay 3/4
In the USA? Trump is a corruptor and becomes a president and Biden forgave his son's crimes.
Can't where? The globe is not the USA. Wake up!
That is money stolen from the country of Viet Nam in an act of sabotage. She is an enemy of the state.
Se no Brasil existisse justiça, todos os juízes, médicos, generais, servidores públicos e políticos seriam executados também. Mas DEUS é lerdo. Estou na esperança de um dia ver o bosta da sua ira , já que o amor nunca veio.
please send the president Lula of Brazil to Vietnam please