Vietnamese billionaire death sentence how will she die. I'm not here to debate the death penalty though.

Vietnamese billionaire death sentence how will she die 3bn) in cash from the bank, and Nov 26, 2024 · Ho chi minh city: A Vietnamese property tycoon sentenced to death for multi-billion-dollar fraud begged a court to spare her life Tuesday, saying she was trying to repay the stolen funds. A Vietnamese property tycoon sentenced to death in a multi-billion-dollar fraud case arrived in court Tuesday, as she awaits the verdict of her appeal in one of the biggest corruption prosecutions Dec 3, 2024 · Hanoi, Vietnam: A court in Vietnamese has rejected, Truong My Lan’s – a real estate tycoon’s appeal – upholding the death sentence for the embezzlement of $12bn. 46 billion) financial fraud case. Apr 11, 2024 · 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 Dec 3, 2024 · Vietnamese property tycoon Truong My Lan has lost her appeal against the death sentence handed down to her for masterminding the world’s biggest bank fraud. Nov 4, 2024 · The appeal of a Vietnamese property tycoon sentenced to death for the fraud of $40bn began on Monday after she pleaded for a more “lenient and humane” sentence. Top Vietnamese property tycoon Truong My Lan- chair of major developer Van Thinh Phat- was sentenced to death over her role in a 304 trillion dong ($12. 1bn). 5bn financial fraud case, the country’s largest on record. Apr 11, 2024 · The sentence marked a rare instance of the death penalty being applied to a woman for white-collar crimes and was speculated to be a ploy to encourage Truong My Lan to return $27 billion of the Apr 12, 2024 · It's rare for a fraud case to result in a death sentence, to say the least. 5-billion) financial fraud, the country’s biggest on record The death sentence handed to a real estate tycoon in a $12. Truong My Lan, aged 67 and the chair of the real estate giant Van Thinh Phat, faced charges of fraud amounting to a staggering $12. Truong My Lan, 67, will face death by lethal injection after a panel of three Apr 11, 2024 · Lan, the 67-year-old chair of real estate developer Van Thinh Phat (VTP), was sentenced by a court in Ho Chi Minh City for her role in a fraud case amounting to $12. 5 billion, nearly 3 percent of Vietnam’s 2022 GDP, in its largest financial fraud case. It was 100% her choice, and she is paying the price. Dec 5, 2024 · Truong My Lan, the billionaire property developer at the center of Vietnam’s $27 billion fraud scandal, faces a death sentence unless she can repay $9 billion—leaving the nation grappling with financial shockwaves and rare public protests from thousands of victims Apr 11, 2024 · According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2. A court has sentenced a top Vietnamese property tycoon to death in one of the biggest corruption cases in history, with an estimated $27 billion in damages. The 68-year-old is now in a race for her life because the law in Vietnam states that if she can pay back 75% of what she took, her sentence will be commuted to life imprisonment. Truong My Lan was found guilty of her role in a scam Apr 11, 2024 · A Vietnam court sentenced real estate tycoon—Truong My Lan (67)—to death over her role in a 304 trillion dong ($12. She, like other Vietnamese millionaires will not be facing execution when they return the required amount. 3, 2024. However, it allowed for the possibility of commuting the sentence to life imprisonment if Lan repays $9 billion, or three-quarters of the stolen sum, a condition she must meet to avoid execution. In April earlier this year, Truong My Lan was sentenced to death after being found guilty of embezzling $12 billion from Saigon Commercial Bank (SCB), with prosecutors arguing the total damages caused by the crime actually amount to $27 billion. Apr 11, 2024 · Vietnamese billionaire sentenced to death for $44bn fraud. For some reason, I don't think her sentence will encourage her to be like, "oh hey and before I get executed, here's the money I stole" Vietnam billionaire sentence to death over multi-billion dollar fraud Truong My Lan, a Vietnamese real estate tycoon, was sentenced to death by a court in Ho Chi Minh City, in connection with the country's biggest fraud case, according to state media. The death penalty us because she got too greedy and took too much for herself without ensuring those in power received their due. 5 billion (£10 billion) - nearly three per cent of the country's GDP in 2022. Apr 11, 2024 · In a shocking early ruling, a Vietnamese court sentenced one of the world's wealthiest women to death during the country's largest fraud trial. Truong My Lan, 67, a leading Vietnamese billionaire and head of Van Thinh Phat, is sentenced to death for her involvement in Vietnam’s largest-ever financial fraud case, totaling $12. The state-controlled new Dec 2, 2024 · A Vietnamese property tycoon sentenced to death in a multi-billion-dollar fraud case arrived in court Tuesday, as she awaits the verdict of her appeal in one of the biggest corruption prosecutions Apr 12, 2024 · A court in Vietnam has sentenced a real estate tycoon to death over her role in a financial fraud case – the country's biggest on record. The court's decision on Tuesday, December 3, means she can avoid execution only by repaying 75 per cent of the stolen funds — roughly $9 billion (£7. Truong My Lan, chair of major developer Apr 11, 2024 · The death penalty seems like a step too far. However, the court announced that the sentence could be reduced to life imprisonment if Lan reimburses $9 billion, equating to three-quarters of the embezzled amount. Death penalty for Vietnam tycoon in $19b fraud case. 5 billion) financial fraud case, the country’s biggest on record, 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. Nov 26, 2024 · According to Vietnamese law, Lan could escape the death penalty if she proactively returns three-quarters of the embezzled assets and is judged to have co-operated sufficiently with authorities. 5 billion. "The death penalty in Vietnam is used to intimidate those who would break the law, while also showing the power of the ruling party," Human Rights Watch Apr 12, 2024 · Vietnamese Property Tycoon Sentenced to Death in Financial Fraud Case. Apr 11, 2024 · A female billionaire is sentenced to death in largest reported financial fraud case in Vietnam Van Thinh Phat, 67, formally charged with fraud amounting to $12. The death penalty is a violation of human rights regardless of the circumstances. Truong My Lan, 67, chair of real estate company Van Thinh Phat (VTP), was accused of fraud amounting to $12. Assuming that such comments are not made in jest, they reveal a Even if taken at face value, that means the liberalization of the Vietnamese economy as well as the America-Vietnam partnership were literary what set the rot in the Vietnamese society. Dec 3, 2024 · Vietnamese property magnate Truong My Lan has lost her appeal against a death sentence, handed down in April for her involvement in a massive fraud case. A businesswoman was sentenced to death after defrauding £ Apr 11, 2024 · A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on Thursday in one of the country's biggest fraud cases over the embezzlement of Apr 11, 2024 · A court in Vietnam handed the death sentence on Thursday to real estate tycoon Truong My Lan for her role in a 304-trillion-dong ($12. There's a famous saying in Vietnam. Apr 11, 2024 · Truong My Lan, a 67-year-old Vietnamese property magnate, has received a death sentence after being convicted of embezzlement, bribery and banking violations The death penalty is a highly effective disincentive for white collar crime. Dec 3, 2024 · Vietnamese real estate tycoon Truong My Lan attends trial in an appeal she filed against her death sentence in a financial fraud case in Ho Chi Minh City, Vietnam, Tuesday, Dec. Corruption looks the same no matter which country it is. The Vietnamese government will let people like this (and she operated for 10-11) kind of get away with what they're doing but when the government needs some kind of cash infusion, they slaughter a pig. A court in Vietnam on Thursday sentenced property tycoon Truong My Lan to death for her role in the nation’s largest ever financial fraud case, according to state media Thanh Nien, an Nov 7, 2024 · A disgraced Vietnamese property tycoon is appealing her death sentence in a $27 billion corruption case, the biggest in the country’s history. 5 billion, nearly 3% of Apr 11, 2024 · A court in Vietnam sentenced real estate tycoon Truong My Lan to death Thursday over her role in a 304 trillion dong ($12. Dec 3, 2024 · A Vietnamese court upheld the death penalty for property tycoon Truong My Lan in a fraud case involving $27 billion but indicated her sentence could be reduced to life imprisonment if she repays three-quarters of the stolen assets. Agreed. But prosecutors argued Monday that she had not met the conditions, and emphasised her crime’s consequences were “huge and without precedent”. It's something like: The full impact of Lan’s sentence—a family member told Reuters she intends to appeal—is not yet known though there are clear implications for international firms looking to Vietnam as they Vietnamese property tycoon Truong My Lan has been sentenced to death in what local media have called the largest case of financial fraud in the country's his Dec 3, 2024 · Lan was convicted of using a network of shell companies to embezzle $27bn and misappropriate $12bn. Andrew Chang explains Apr 11, 2024 · Vietnamese property tycoon Truong My Lan, who was accused of embezzling around $12. Vietnam has a law that if you return 75% of what you stole, your death sentence will be commuted to life. The real estate tycoon may face the death penalty if convicted of allegations that she siphoned off an amount of $12. Apr 11, 2024 · Lan’s husband, Hong Kong billionaire Eric Chu Nap Kee, was sentenced to nine years in prison. The arrest and trial of the billionaire, alongside others, is part of a bigger crackdown on corruption in Vietnam. 5 billion through fraudulent schemes, disrupting Vietnam’s banking sector and raising concerns about financial oversight. Apr 11, 2024 · A court in Vietnam on Thursday ordered the death penalty for a real estate tycoon found guilty in a financial fraud case totalling more than $12 billion US. She just lost her appeal, but her fate isn't sealed yet. Dec 4, 2024 · A court in Vietnam has upheld the death sentence for prominent real estate tycoon Truong My Lan, marking a pivotal moment in the country’s largest financial fraud case to date. She's being made into an object lesson for any future stooges those in power will put in place to replace her. To receive the best stories in your inbox every day, click here to register for one or more newsletters from The Standard Apr 11, 2024 · It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen. Were I a writer for an agency that has ostensibly advocated for the Western hemisphere of influence, I wouldn't had made such a point. Life in prison would suffice, IMO. 5 billion in and out of Vietnam between 2012 and 2022 using 21 companies controlled by Lan's real estate company. , Asia News - Times Now Apr 11, 2024 · A court in Vietnam on Thursday ordered the death penalty for a real estate tycoon found guilty in a financial fraud case totalling more than $12 billion US. We’ll never know what was really going on, other than she pissed off some powerful people. Apr 11, 2024 · 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 Apr 11, 2024 · A top Vietnamese property tycoon has been sentenced to death in one of the biggest corruption cases in history. Property developer Truong My La Dec 4, 2024 · Despite these arguments, the court upheld the death sentence, stating the unprecedented scale of damage to the economy and society justified the penalty. She is one of very few women in Vietnam to be sentenced to death for a white collar crime. Truong My Lan, 68, was sentenced to death for Mar 20, 2024 · Vietnamese prosecutors are calling for the death sentence for the businesswoman who allegedly masterminded the biggest fraud in the country’s history, state media reported yesterday. [13] On 17 October, she was convicted and sentenced to life imprisonment on the said charges, alongside the death sentence she had already received. As such, she could still raise the funds to avoid the death penalty. In fact, it's the only known effective disincentive for financial crimes. Dec 3, 2024 · A Vietnamese court upheld the death penalty Tuesday for a property tycoon, Truong My Lan, in a multi-billion dollar fraud case -- but said her life could still be spared if she paid back three Apr 12, 2024 · Business woman Truong My Lan, front center, attends a trial in Ho Chi Minh City, Vietnam on Thursday, April 11, 2024. Vietnamese billionaire Truong My Lan was recently sentenced to death for one of the biggest bank frauds in history. The conviction of Truong My Lan came amid a government anti-corruption crackdown by Communist Party general secretary Nguyen Phu Trong. Lan embezzled $12. Huong told AFP she wanted to die after Apr 11, 2024 · While noting the Vietnamese government's limits on official data, the group found that in 2022, there were at least 102 sentences handed down and over 1,200 people on death row in the country. Lan started off Apr 11, 2024 · A court in Vietnam has sentenced a property tycoon to death over her role in a $12. 5 billion — nearly 3% of Vietnam's Dec 2, 2024 · A Vietnamese property tycoon sentenced to death in a multi-billion-dollar fraud case arrived in court Tuesday, as she awaits the verdict of her appeal in one of the biggest corruption prosecutions Dec 4, 2024 · Hanoi – A Vietnamese court upheld the death penalty on Dec 3 for a property tycoon in a multibillion-dollar fraud case – but said her life could still be spared if she paid back three quarters Oct 17, 2024 · A Vietnamese property tycoon sentenced to death for fraud totalling $27 billion was jailed for life Thursday after being convicted of money laundering. Truong My Lan, chairwoman of Van Thinh Phat Holdings, stood accused of looting Saigon Commercial Bank over an astonishing 11 I prefer life sentences over death penalty but would take death penalty for high impact financial crimes rather than the small slap on the wrist we hand out now. A Vietnamese real-estate tycoon is desperately trying to raise $9 billion to avoid the death Dec 3, 2024 · The property tycoon, 68, can still commute her death sentence to life imprisonment A court in Vietnam on Thursday sentenced property tycoon Truong My Lan to death for her role in the nation’s largest ever financial fraud case, according to state media Thanh Nien, an unusually Apr 11, 2024 · Truong My Lan: Vietnamese billionaire sentenced to death for $44bn fraud. Property Apr 15, 2024 · Late last week, a Vietnamese court sentenced a 67-year-old female real estate billionaire named Truong My Lan to death. Western studies that discourage death penalty, calling it ineffective, only look at blue collar crime and stuff like direct violence/murder. 4 billion, was sentenced to death for her involvement in the country’s largest financial fraud case. (AP: Thanh Tung/VnExpress)She was accused of paying bribes to As such, she could still raise the funds to avoid the death penalty. [14] Nov 26, 2024 · A Vietnamese property tycoon sentenced to death for multi-billion-dollar fraud begged a court to spare her life on Tuesday, saying she was trying to repay the stolen funds. I am genuinely concerned by those commenters who have suggested that the death penalty is acceptable in this case, made worse by the notion that the death penalty is acceptable because she is wealthy. 5 billion, a figure that accounts for nearly 3% of Vietnam's 2022 Gross Domestic Product (GDP). The trial in Ho Chi Minh City highlighted the lifestyle of Vietnam's nouveau riche elite, when Truong My La Lan was found guilty of stealing $44 billion from the country's largest bank. The rich knows this so it's not likely to deter what they do. Vietnamese state media called it the country's largest-ever case of financial fraud. Apr 11, 2024 · A Vietnamese billionaire is facing the death penalty for allegedly embezzling $12. The system should never have allowed this but at the same time, she didn’t have to do this at all. Apr 12, 2024 · A court in Vietnam has sentenced a real estate tycoon to death over the country's biggest ever case of financial fraud. Dec 3, 2024 · Vietnamese property tycoon Truong My Lan has lost her appeal against her death sentence for masterminding the world’s biggest bank fraud. Truong My Lan had appea. Apr 11, 2024 · Topline. Lan was sentenced to death after embezzling billions of dollars via Apr 12, 2024 · A Vietnamese real estate tycoon has been sentenced to death in one of the country's largest financial fraud cases in history. Vietnamese billionaire Truong My Lan was sentenced to death for her involvement in the country's biggest fraud case of $27 billion from Saigon Commercial Bank (SCB) over a decade. 46 billion) fraud case, the country's biggest on record. The issue is that your average tankie'll see this as being proof that an authoritarian communist state is a good thing because of their tough stance on corruption but will fail to understand that the state in question creates the environment that allows a person like her Apr 11, 2024 · Truong My Lan's arrest is among the most high-profile in an ongoing anti-corruption drive in Vietnam that has ramped up since 2022. He stated it as 'fattening the pigs'. 5 billion financial fraud case is the latest punishment meted out by Vietnam in the Southeast Asian country’s sweeping “blazing Dec 3, 2024 · Judges said her sentence might be reduced if she paid three-quarters of the $12 billion she embezzled. A Vietnamese property developer was sentenced to death on Thursday for looting one of the country's largest banks over a period of 11 years. Though from reading this article I have the suspicion that she didn't get tried and convicted because someone finally caught her, but because the political winds shifted and she didn't follow and/or pissed off the wrong person. 5 billion, but prosecutors said Thursday the total damages caused by the scam now Apr 11, 2024 · A Vietnamese court has sentenced real estate developer and billionaire Truong My Lan to death after finding her guilty of bribery, embezzlement, and violations of banking rules. The real estate tycoon may face the death penalty if convicted of allegations that Apr 11, 2024 · Billionaire property tycoon was sentenced to death after defrauding £35,000,000,000 in Vietnam after illegally controlling a bank. Dec 3, 2024 · In short: Vietnamese real estate tycoon Truong My Lan has lost an appeal to have her death sentence commuted to life in prison. Apr 11, 2024 · Vietnamese businesswoman and billionaire tycoon Truong My Lan has been sentenced to death for financial fraud in her native Vietnam. Dec 5, 2024 · Vietnamese property tycoon Truong My Lan has lost her appeal against her death sentence unless she can pay $9 billion. Apr 12, 2024 · And on Thursday, a Ho Chi Minh City court reached its verdict: a death sentence for Truong My Lan, a highflying 67-year-old businesswoman who began life hawking cosmetics from a market stall in Dec 3, 2024 · Property developer Truong My Lan, 68, was convicted this year of swindling money from Saigon Commercial Bank (SCB) — which prosecutors said she controlled — and sentenced to death for fraud Apr 12, 2024 · The real estate tycoon may face the death penalty if convicted of allegations that she siphoned off an amount of $12. Finance · Billionaires. A panel of three hand-picked jurors and two judges rejected all defence arguments by Truong My Lan, chair of major developer Van Thinh P If she had defrauded those people directly, she’s not getting the death penalty, in fact, she would probably get a bonus. Apr 12, 2024 · Business woman Truong My Lan, center, attends a trial in Ho Chi Minh City, Vietnam on Thursday, April 11, 2024. Lan, chairwoman of the Van Thinh Phat Group, was convicted of embezzling $12. Apr 12, 2024 · Among them is Nga, a 67-year-old Hanoi resident who told AFP Thursday that she had hoped for a life sentence for Lan so she could live to fully witness the pain her actions had caused ordinary people. Vietnam’s ‘blazing furnace’ sees real estate mogul sentenced to death for $12 billion A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multibillion-dollar fraud case — but said her life could still be spared if she paid back three quarters of the Yes, she's a corrupt billionaire that deserves to be treated as a criminal. Studies prove this. Sixty-seven-year-old Truong My Lan had Dec 3, 2024 · HANOI, Vietnam — A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery in a high Apr 11, 2024 · The case is seen as part of a wider effort by Vietnam’s Communist Party to crack down on corruption. To receive the best stories in your inbox every day, click here to register for one or more newsletters from The Standard Nov 26, 2024 · HO CHI MINH CITY – A Vietnamese property tycoon sentenced to death for multibillion-dollar fraud begged a court to spare her life on Nov 26, saying she was trying to repay the stolen funds Apr 11, 2024 · The Vietnamese billionaire sentenced to death for staggering $12. Lan was accused of controlling Saigon Commercial Bank and caused significant financial losses to its investors. I don’t like the death penalty, and I do think it should be abolished where it is still around, but simultaneously, we also know she is guilty and we know the scale of the crime committed. Apr 12, 2024 · Her death sentence adds a new dimension to the anti-corruption campaign waged since 2016 by the General Secretary of the Vietnamese Communist Party and the country's real number one, Nguyen Phu Apr 11, 2024 · A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages. 2008 should have seen heads literally rolling, instead … bailouts. 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. She was accused The suit alleges that Lan illegally transferred US$4. There's no way that woman did all that without having had an arrangement with those in power in place. . Her sentence carries the potential for death unless she can repay three-quarters of the stolen I read a comment from a vietnamese fellow in a different thread that this is par for the course. I don’t support the death penalty, even in this case, but life imprisonment without chance of parole, forfeiture of all assets to cover the people she stole from (even, and especially if, they were given as gifts to relatives), and hard labor should be on the table. Her crime? Oh, nothing crazy. Dec 3, 2024 · A Vietnamese court has upheld the death sentence of a billionaire real estate tycoon—behind the country’s biggest case of bank fraud. I'm not here to debate the death penalty though. Key points: Apr 12, 2024 · STORY: A billionaire property tycoon in Vietnam was sentenced to death on Thursday in the country's biggest-ever case of financial fraud. Dec 3, 2024 · A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery in a high-profile $12 Apr 11, 2024 · Hanoi, Vietnam. Truong My Lan wa Dec 3, 2024 · A Vietnamese court has upheld the death sentence for real estate tycoon Truong My Lan in one of the largest fraud cases in the country’s history. Not to mention, the information is hardly reliable. 5billion financial fraud Truong My Lan, 67, has been handed the death penalty in relation to corruption incidents By ZAC CAMPBELL Apr 11, 2024 · In a landmark trial that has captivated the Vietnam nation and the Business world, Truong My Lan, a prominent Vietnamese property developer, has been sentenced to death by a court in Ho Chi Minh City, Vietnam for masterminding one of the largest bank frauds in history. tsfgulu jiyyi sezhv wajp hlvm jgf eagznwdy ikshi wpkrpy dyjkt tkeor qabh whi cqme gvuy