Vietnam Does Not Play, Billionaire Sentenced to Death

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Flawless One
BGOL Investor


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.

The habitually secretive communist authorities were uncharacteristically forthright about this case, going into minute detail for the media. They said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.


The evidence was in 104 boxes weighing a total of six tonnes. Eighty-five others were tried with Truong My Lan, who denied the charges and can appeal.

All of the defendants were found guilty. Four received life in jail. The rest were given prison terms ranging from 20 years to three years suspended. Truong My Lan's husband and niece received jail terms of nine and 17 years respectively.

 
She should have moved to America and got her citizenship... She would been celebrated and held accountable for a few million in fines.

Thats what IM SAYIN..... they mustve got her ass totallly by surprise, the fucked up shit is, she could be innoncent

and just beating a muthafuckas at HIS game..

but the person she is beating, JUST GOT BIGGER GUNS AND CONNECTIONS..

sounds like she was WINNING and somebody was LOSING

and they never learned how to lose....

They dont want to KILLHER, THEY JUST WANT TO KNOW

WHERE SHE HID ALL THE MONEY!!
 
$44B? That's on them...for being stupid as fuck? They need to get Equifax over there, because right now it appears you can just request and receive a wire for millions!
 
She didn't do that completely by herself, and what happens to all the money?


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.

The habitually secretive communist authorities were uncharacteristically forthright about this case, going into minute detail for the media. They said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.


The evidence was in 104 boxes weighing a total of six tonnes. Eighty-five others were tried with Truong My Lan, who denied the charges and can appeal.

All of the defendants were found guilty. Four received life in jail. The rest were given prison terms ranging from 20 years to three years suspended. Truong My Lan's husband and niece received jail terms of nine and 17 years respectively.

 
$44B? That's on them...for being stupid as fuck? They need to get Equifax over there, because right now it appears you can just request and receive a wire for millions!
Damn that easy? Maybe I've been in the wrong country for too long.
 
It’s rumored that’s why they gave her the death penalty so she would return the money.

she learnin the hardway, "little people" lose money its,

oh well.. thats the game, win some lose some... do better research..next time.

whales lose money HEADS ROLLING, LITERALLY!!! all that win some lose some bullshit,

right out the fuckin WINDOW!!
 
It’s rumored that’s why they gave her the death penalty so she would return the money.

I read that article where you got this, it was confusing. I can't find it now, so they must have corrected it. Her legal team was trying to ask for leniency to not be sentenced to death if she paid it back, not that they gave her death so she pay it back. She still has to pay $27 billion of it back, not that they expect to ever see it.
 
:hmm:
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.


Truong My Lan: Vietnamese billionaire sentenced to death for $44bn fraud
https://finance.yahoo.com/news/truong-lan-vietnamese-billionaire-accused-230848346.html
 
:hmm:
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.


Truong My Lan: Vietnamese billionaire sentenced to death for $44bn fraud
https://finance.yahoo.com/news/truong-lan-vietnamese-billionaire-accused-230848346.html
my reactions wasnt aimed at u
it was aimed at them :hmm:
by giving me death u expect me to return the money
nah we both gone then
 
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