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+--- Thread: Grift Trump could only dream of - Vietnamese court sentences tycoon to death for embezzling $12B (3% of the nation's GDP (/showthread.php?tid=286321)
Grift Trump could only dream of - Vietnamese court sentences tycoon to death for embezzling $12B (3% of the nation's GDP - hal - 04-11-2024
How could anyone be this greedy?
https://www.washingtonpost.com/world/2024/04/11/vietnam-truong-my-lan-death-sentence/
A Vietnamese court sentenced a business executive to death Thursday in a multibillion-dollar fraud case as the country’s ruling Communist Party seeks to crack down on corruption.
A court in Ho Chi Minh City sentenced Truong My Lan, a 67-year-old real estate tycoon, to death on mass-scale embezzlement charges, state media reported. She received additional 20-year sentences for bribery and violating lending regulations and was ordered to pay nearly $27 million in compensatory damages.
Lan, chairwoman of the real estate firm Van Thinh Phat Holdings Group, was convicted of fraudulently siphoning $12 billion from Saigon Joint Stock Commercial Bank — which she controlled for more than a decade, according to state media reports — into shell companies. She had seized control of 91.5 percent of SCB’s shares, allegedly using co-conspirators as proxies to circumvent strict laws against such extensive power over financial institutions, state media outlets reported. To enable the scheme, she allegedly installed complicit executives into high-ranking positions at the bank and bribed regulators, according to state media reports.
The total takings, according to the charges on which she was convicted, were equivalent to more than 3 percent of the country’s gross domestic product as of 2022.
Re: Grift Trump could only dream of - Vietnamese court sentences tycoon to death for embezzling $12B (3% of the nation's - sekker - 04-12-2024
I'm surprised she could not bribe her way out of the country
Re: Grift Trump could only dream of - Vietnamese court sentences tycoon to death for embezzling $12B (3% of the nation's - Speedy - 04-12-2024
sekker wrote:
I'm surprised she could not bribe her way out of the country
Give her time.