this post was submitted on 03 Dec 2024
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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.

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[–] [email protected] 24 points 14 hours ago (3 children)

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.

[–] [email protected] 23 points 14 hours ago (1 children)

Seriously. If she was born in the West, she'd be on the cover of Forbes and taking photos next to celebs.

[–] NotAnotherLemmyUser 3 points 5 hours ago (1 children)

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.

[–] [email protected] 9 points 5 hours ago (1 children)

Bankman Fried didnt steal just from the people. He stole from other billionaires.

[–] [email protected] 5 points 3 hours ago

"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

[–] [email protected] 0 points 5 hours ago (1 children)
[–] Olgratin_Magmatoe 6 points 4 hours ago