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Real estate tycoon must pay $9 billion to avoid execution in Vietnam (www.nbcnews.com)

submitted 1 day ago by MicroWave to c/world

164 comments fedilink hide all child comments

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] 2 points 12 hours ago* (last edited 12 hours ago) (1 children)

They didn't say that. I think it's pretty clear what they mean. The state has a monopoly on violence. They are permitted a certain amount of force in order to keep the peace. When a government misuses that power, or oversteps to the point of deciding who gets to live or die, then it's gone too far.

If you can't understand the difference between a regular worker being possibly oppressed by this misuse of force, and the state apparatus itself, then I really don't know what to tell you.

[–] [email protected] 1 points 12 hours ago (1 children)

I understand that the state has a monopoly on violence. Violence IS the ultimate power to rule no matter the form of government. What you don't understand is you can't limit that power. Once granted, even on what might appear to be a limited basis, and it's never limited for long, cannot be revoked. You can totally remove the power of the government to use violence and then hand that power to the populace-- but this is not a good idea. The only thing dumber than the government is the public.

The person I responded to stated plainly, they were for killing billionaires. They just didn't want the government to do it. So he must be willing to pull the trigger himself. Which is a valid political stance. Even though I think it's very misguided.

You have read into a plain statement something YOU believe. And if you don't understand that, then I don't know what to tell you either.

[–] [email protected] 1 points 5 hours ago

you can’t limit that power. Once granted, even on what might appear to be a limited basis, and it’s never limited for long, cannot be revoked.

Simply untrue.