Vietnam's Biggest Ever Scam Cripples Bank | Govt Secretly Rescues it | Vantage with Palki Sharma

Vietnam's Biggest Ever Scam Cripples Bank | Govt Secretly Rescues it | Vantage with Palki Sharma
A new report reveals more details about the high-profile real-estate scam that has rocked Vietnam. Real-estate tycoon Truong My Lan was convicted of embezzling $12.5 Billion and sentenced to death last week. She embezzled this money over the course of a decade. It was possible because the real-estate mogul owned about 90% of the Saigon Joint Stock Commercial Bank, or SCB. Lan could not legally own that much of the bank, so she used proxies to consolidate her control. And then the bank defrauded customers and gave loans to Lan. Now it turns out that after arresting Lan in 2022, Vietnam's government took over the bank and secretly poured in $24 Billion to protect its customers.
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Vietnam | Scam | Bank | Government | Controversy | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#vietnam #scam #bank #government #controversy #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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[@BibleSamurai]

Her only mistake is she didnt do this in America. She would have done 10 years and enjoy her riches.

[@noelgenoway9360]

Or a slap on the wrist and nothing else in the USA!

[@lightner6924]

She can't do it there because there are already people doing it there lol

[@cnccarving]

little ironic that in usa it was a guy and called ""bankman"" when people started to asking could we get back the money from paid corriupt politicians? that was the moment suddenly everything went silent

[@sandraace8481]

Where from America?

[@seelasrikanth]

In India she would have been not even be tried 😂

[@banhda99]

In America no bail no prosecution because it's under $50 billion.

[@TrendFlareTV]

That is only half of the story. Why was the government distributing taxpayers' money without informing the public, and what about the recovered assets? Did the funds taken from the bank disappear? That woman should not be executed until all the money is recovered, and the trial must be made public to allow the public to hear her side of the story. Not because she is innocent, but to ensure that her loot is not stolen by the same government.

[@tjayasiri8634]

This kind of thing is beyond her capability, my friend! Where are the authorities and the state's own audit firms? 😂 This is escape goat drama 🎭

[@ObamanableSnowman]

@@tjayasiri8634dude what’s crazy to me is how y’all are like “holy crap why would they do that” bro it’s VIETNAM… Not exactly the safest most trusted economy lol.

[@vanchien5874]

Please don't spread misinformation. The trial was public, if it wasn't, why other foreign medias knew about her. She scammed about 12 billion USD, not 1 million or 1 billion. Again It's 12 billion. What makes you think she can recover that much money in Vietnam?

[@waseemahmed6585]

But if you are indian🇮🇳, you can fly freely to UK with your money😊

[@Fazlalinaqvi]

Gareeb mulle😂

[@capnfrankly]

Yes ! however at the price of travel and visiting or living in the UK is ten times as expensive as doing the same in VietNam 🇦🇺

[@SueChef100]

😂😂😂😂😂

[@rafaelquinones222]

Wouldn't surprise me if America doing something with its banks

[@sandraace8481]

Where from America?

[@stevev4863]

They all probably did but nobody know about it. I think HSBC bank own by UK and helping money laundering few years back

[@DailyRemedies13]

Kenya needs this. We have Mega corruption scandals here yet no concequences. Cases last decades, witnesses die which leads to ZERO PROCECUSION.

[@siddharthkalantri5076]

@DailyRemedies13 cost of development . stop telling it corruption atleast you will not feel bad

[@ShivaGunwant]

Perhaps she’s the scapegoat whose sacrifice is necessary to save big names in the government.

[@LVL1Yo-YoGuy]

You 💯 correct. This reporter woman better have checked her facts.

[@maxmartin2763]

​@@LVL1Yo-YoGuyTry to keep up. The minister of banking & finance was already sentenced to 16 years in prison for taking million$ in bribes in this case.

[@mistywaters7749]

May be indian govt gave her modis guarantee.

[@chosenone5536]

She stops giving 10% to the big guy.

[@Ramkrishna-2023]

Vietnamese government's move to protect the small depositor is exemplary. Governments need to understand that people are the nation not the land.

[@chrisjackson1215]

You mean like in the Vietnam war when North Vietnam slaughtered or enslaved anyone who wasn't a communist?

[@foreverlovehijau4428]

She is very smart, a very wise and intelligent woman. We must be grateful and used our knowledge wisely. Don't used it to scam or hurt innocent simple people. #Spread the love in the world❤❤❤

[@Tvso9813]

I thought the exact same thing. Much love from USA. God bless.

[@morningstararun6278]

Chithra Ramakrishnan's loot was much bigger than this scam, but she has been walking inside India freely like nothing happened. You will be forgiven any kind of financial fraud, if you are from a privileged upper caste in India.

[@botvenikmikail-qv6od]

The bank embezzlement can not happen without someone getting off the watch tower and letting the spartans come into the gates...😂

[@smurkio34]

Vietnam undefeated

[@marfesh.hlimawma8882]

You said it pal

[@vitocorleone1960]

Scoreboard, scoreboard

[@XiaoxiaoYuyu-ug3gy]

What r u talking about?u Undefeated in shooting the wall?

[@anshumaanphukan4388]

​@@vitocorleone1960what happened to your friends!

[@xo4205]

Undefeated but loss of billion dollars

[@ONUCHEJAT]

When it is Palki Shammah, then be ready to enjoy the story. No matter how comlex the story is, she have a Unique way of breaking it down for a leyman to understand

[@SuryaAshte]

She was sentenced to death to silence her about the involvement of other high ranking government officers.

[@K2dawilla]

It is not like the death sentence is carried out immediately. She can still talk if she wants to. Heck she is still alive as I am typing this comment.

[@Marco-w2l]

ABSOLUTELY

[@siddharthdevachauhan7477]

And please for the God sake don't say that she is victim in this case in the name of feminism.

[@kevingupta7091]

Imagine if this sentence was passed in India ;)

[@human9512]

Democracy, Human Rights & Other Bull$#it

[@morningstararun6278]

Lol India has a mantra. "I took a bribe, they caught me. I bribed them, then they let me go." As long as the corrupt ones are willing to bribe the Anti corruption agencies, ruling party and supreme court, they are free to do anything in India.

[@kevingupta7091]

@@human9512 Corruption and bullying from bullywood and large businesses will slow.

[@anna_m59]

apperantly the manipulation of weather caused the rain in dubai..

[@openbuddhistforuminternational]

What about European banks ? Our deposits is safe only for 100 K , all other deposits are at risk if the bank collapse . Its even written in the deposit agreement :)

[@mauriceukaegbu620]

That's why the mega rich don't hold their wealth as cash in the bank but rather as real estates and shares.

[@cyncyoung11]

Here in US it is only 250K

[@alyanton2157]

HOW SHE DID it? SHE cunning enough to BRIBERY every one SHE knows 🗣🙊🙉🙈💣☸

[@peKPRODUCTS]

Hopefully she wasn’t framed

[@musicful7036]

You're a troll. You should do your research before making up something to say, dude.

[@janomesteve3129]

Africa definitely needs this especially in the politics

[@candyman111881]

REALLY GOOD VIDEO. 👍❤️❤️❤️❤️❤️❤️

[@joshchudeba7014]

That’s small compare to some people who steal more $80b. Ask former cbn governor godwin emiefele 😢

[@JullianCianDagum]

I salute Vietnam government

[@ChosenCarter-ln7xs]

She needs to teach me some things before she meets her fate 😩😭

[@johngatmaitan2415]

😂😂😂😂😂😂

[@udayabhaskar]

☠☠☠☠

[@SueChef100]

😅

[@Tvso9813]

That was kind of funny. Ngl. Here’s a tip she might give you… become extremely greedy, buy luxury everything and disregard your country’s civilians savings for their families that they probably accrued during their lifetime…

[@docilesoap2684]

In India she wud have got some help.....to flee the country and live a leisurely life.......our track record on letting go of scammers is very good.....

[@janvijaysingh2692]

Yeah, if India was a dictatorship with govt. controlled courts where a rapist couldn't keep appealing to higher courts for hearing maybe even those scammers would've been caught.... So you see my friend, you let go of something to get something... Only idiots try to hold onto everything.

[@joef1159]

She’s just a puppet for Vietnamese gov !

[@brightonboka3013]

What a government, she deserves

[@leodeldominguiano2162]

So evil, even she's rich

[@tjayasiri8634]

This kind of thing is beyond her capability, my friend! Where are the authorities and the state's own audit firms? 😂 This is escape goat drama 🎭

[@KhanhNguyen-uv3dx]

History of VN is so painful before the reunification as a whole as today. ‘Til now looking at a child or an elderly selling lottery tickets on sidewalks trying to make ends meet in Southeast Asia temperature,it’s breaking my heart. She’s not evil just heartless !!!

[@ynath476]

That kind of law is badly needed in the philippines

[@waldensmith4796]

This Real Estate Mogul could be seen as a business 3:36 person who operate her business without sound business ethics. Also could these Billions of dollars amounted to Greed that crept into her business. I humbly ask her Govt to be lenient with her and not apply the death penalty. To give her a chance in life. MY PRSYERS ARR WITH HER

[@123mareena]

Small fish being killed to save bigger fish for sure...

[@SizweCooks]

Herstory or history

[@U-TubeAddict]

Easy to be corrupt when you deal with a lot of money and have a lot of power

[@SueChef100]

Too much power is corrupt😊

[@cashewnuttel9054]

@@SueChef100 If you give me lots of power, I won't become corrupt, I promise.

[@marfesh.hlimawma8882]

I love Vietnam

[@DevKulkarni]

PNB and Yes Bank got come Local Asian Competition

[@jeetusingh3030]

Please cover Nirav Modi/ Mehul Chowksi/ Vijay Malya as well

[@trrinketlad7940]

Robert wadra too

[@KaliAviko]

Whats the name of the bank?????

[@aquarianfirehorse667]

Watch again, they showed it

[@syedbasha7026]

Recover as much from proxys asset sold from accused paid by Govt Bank who funded to scb as rescue operation.good move by government to safe guard innocent depositors money.

[@BonifacioBlanco-t8l]

Hahaha if this lady happen in the Philippines she might get away with her crime....might..yes...

[@sangbejeanmarc3510]

Damn she put the whold coubtrg at risk with her actions

[@boogeiyman]

Seems like India would benefit from passing a lot of similar verdicts.....

[@kevinearle8955]

Should have laws like this in Trinidad and Tobago...

[@capnfrankly]

It is a wonderful and beautiful country with lovely people. I served there in the "American war" ( I am a Aussie 🇦🇺) I have revisited VietNam several times since and the people are getting on with life and not pointing the finger at those of us who served there, in fact we have been welcomed. Many are only too happy to point out some officials as being corrupt, but seem helpless to do anyting about it and accept it as a way of life. I am confident that we in Aussie too are subject to corruption , however it is well hidden and concealed or glossed over by officials and probably not on the scale of that in VietNam. However people should not be put off visiting the country as people are lovely and the Government is doing its best to tackle the problem as it causes distrust of the Communist Party. We are revisiting again later this year as the country, people . prices, service and food are amazing !!👍🇻🇳

[@cyncyoung11]

So if it was a real estate business, she may have actually developed a lot of high rises, but kept a portion for herself and her accomplices. If those building still exist, couldn't they be sold? Or, if the projects were housing units, don't people pay rent or a price to buy them? In a way, that provided more Vietnamese housing, right? But I don't know the real circumstances. It is possible she is just a scapegoat for officials. You never know because if so, this fact will not be revealed in the trials. Was she even allowed to have a lawyer???

[@GaneshBhagi]

govt injected tax money? people paid for the loss? all of these instances again and again prove Bitcoin’s importance

[@ycamara9034]

Greed b

[@420california]

US gives that monthly to other countries....

[@bowattanga]

the graft is on a very alarming level

[@magretdsouza273]

Same kind of cheating common man v can see everywhere.no jutice only poor people shed tears in front banks.

[@FarceDrama-dv2co]

I wish the vetinamis judicioury systems pay a visit to Abiy Ahmed of Ethiopia criminal enterprise that called itself a government.

[@Marco-w2l]

All in govt / communist party private accounts in CAMBODIA, SINGAPORE, UK, EU and US

[@personaltravelandexplorati9627]

Can't recover the money she took?

[@m.abhishekvarma3655]

They. Can but hard

[@personaltravelandexplorati9627]

@@m.abhishekvarma3655 why?

[@pavanshetty9806]

Kejriwal should be sent to Vietnam

[@sebastianniqvist3144]

She won’t be executed. She will appeal her sentence and it is likely it will be commuted.

[@maibege761]

This is a massive scam. I'm sure that the government couldn't get all the money from her seized properties. I'm feeling for her family for all the pains and disappointment she's putting through.

[@jalehhazell9042]

Be greedy when everyone is afraid and be afraid when everyone is greedy

[@tjayasiri8634]

This kind of thing is beyond her capability, my friend! Where are the authorities and the state's own audit firms? 😂 This is escape goat drama 🎭

[@Sarun-hw2fu]

this is true, some government officials have sentenced to life, yet mentioned to responsibilities of the big 4

[@bobtan9321]

Wrong, in the US this kind of behavior if done by the very rich is never prosecuted. Witness Lehmann Brothers where no one has ever face justice. In the US, you get to keep your ill gotten gain. Come to the US if you want to steal the cake and eat it too. Be sure to keep your PACs financially healthy so key members of Congress stay loyal to your team.

[@Twosisters4ever]

@palki you look amazing in that yellow orange saree.

[@cnccarving]

silicon valley bank repeating government give back investors their money but on the end that much money go somewhere go in someones pockets then receivers knew its a dirty money just get it back from them

[@Winslet86]

In Indian rupees its around Rs 1,68,000 lakh crore

[@cprice846]

Free her! Where’s Kim Kardashian? Lol.

[@mai_mai_yeu_em]

Congratulations Mr’s Lan

[@titanichisete648]

Selfish ambitions have hit a wall.

[@law35penn]

Good for vietnam. In America, they would be sitting in a 10 star hotel jail.

[@anthonyngocihkisilu2973]

What is the use of all this money?...is it necessary?

[@trinhduycuong1991]

Cố ấy sở hữu 1 tập đoàn gồm nhiều công ty kinh doanh đa ngành chủ yếu là Kinh doanh Bất động sản , khách sạn , nhà hàng, du lịch , và tài chính 😢

[@laudanum669]

Can anyone tell mehow Vietnam carries out a death penalty? Is it by lethal injection or some other means?

[@anthonyngocihkisilu2973]

I stand with this woman... she should not be killed.

[@carlophillips7090]

In South Africa she could be president!

[@thabom9791]

How did Madoff get away ????

[@cyncyoung11]

He actually died in jail.

[@freespirit4162]

The billions are lost but in Whose Pockets Now🤣

[@Marco-w2l]

Govt and communist party officials in their private accounts in CAMBODIA, EU, US and UK

[@zisun7483]

India shud claim that money that money rightful owner

[@BaldomeroCalderon-vr3zh]

I didn't understand if she steeling the money or she is a corruption accion she owns the bank is her money 24 billions or she billionaire because steeling the money not win working making that money

[@YNomadicDusk]

Corruption seems to be one of our biggest problems in our world today eating up/transforming our governments. Question: does Communism work differently in Vietnam vs China?

[@josephherrmann6304]

They both have democratic -centralism governments-not much difference.

[@YNomadicDusk]

@@josephherrmann6304 Democratic is not a word I would use for China, lol. Dang, we barely can use it for the West anymore as it now just means to protect the powerful and less about liberty. So in that case, sure, it's democratic, 😂🤣😂. Like what they did in Hong Kong.

[@MrShaneVicious]

They are similar, both are hybrids. They have communist governments and somewhat capitalist economies.

[@cyncyoung11]

Vietnam is not a communist country.

[@YNomadicDusk]

@@cyncyoung11 should I say North Vietnam or has that changed or am I confusing facts?

[@mariajason3547]

Didn't she had any Idea that The Authorities were after her? She should have Run away and leave everything...... And all those in the Government who made it possible should be arrested as well...Greedy bastards

[@shinsaber2109]

The govt banned her from travelling abroad when the investigation started. More than 80 officials from low to high rank had been arrested and the investigation is still ongoing on. After so many cases that the defendants ran away to Europe and America, VN govt had put a really strict controlling over big businessmen and govt officials in the matter of going abroad.

[@duynguyenminh1289]

You don't know anything about vietnam do you? They won't do that

[@mariajason3547]

@@duynguyenminh1289 oooh please all the corrupt governments are the same... I was just saying to please my sad heart My country is the same......

[@JJJJJJJJJJJJJJJJ256]

*Everyone's life is worth more than trillions of dollars*

[@catwalkmaestraviajes9472]

Where's the money goes? Just vanished ...just like that?

[@Marco-w2l]

hahahahahahha

[@AdrianCHOY]

I am surprised with all that money she didn’t spend it more on her face.

[@ngandang96]

well maybe too much

[@imnugget8085]

See what communism does capitalism does it right

[@justinerochez8793]

Come on since 2012 she owned 90%😊 a lot on money

[@MrShaneVicious]

Bye Felicia

[@thomascarey6915]

Female accountability has to begin somewhere. This example if followed up consistently, may help keep this kind of element in check. If not, Vietnam risks becoming an Asian United States, where the government allows businesses to rob it's citizens.

[@duynguyenminh1289]

Lol! Asian United States? Vietnamese would love it! You have no idea how much we like the US in Vietnam. The life that you think you are suffering in the US is the dream of millions of Vietnamese. Come to Vietnam to know why.

[@florentinorobles5454]

Ah if these laws where put in action in Mexico will be the greatest country in the world

[@peternyingi5545]

Let her come to kenya, we will make her the queen 😂

[@happyman___1822]

Great decision.

[@mastvideos6298]

She should join bjp

[@minabelfellah]

Surtout pas la tuer pour l'agent quelle de ctature

[@SueChef100]

I say she was working for a bigger person😮she is probably a puppet😌

[@AlbericDemanka-xo9sg]

IAM true on my land 😂😂

[@djayadisetiabudi7749]

TROLL MY LAND 😂

[@yollypelias9780]

ganyan mangyari kay Liza Araneta at Bbm

[@melvinkizungu3997]

kinda sad that she's being put to death despite being technically innocent 😢

[@tjayasiri8634]

😂 correct! This kind of thing is beyond her capability, my friend! Where are the authorities and the state's own audit firms? 😂 This is escape goat drama 🎭

[@rickdee888]

Send 阿鸡哥去 Vietnam 单程机票.......

[@mememe3807]

Given the quantitative easing policy of the Obama administration to save the financial crises in 2008. Vietnam has every right o do same to save depositors funds.

[@saipranay3416]

Why this is so Bjp thing to see😂

[@nelson50415]

Wow👎👎 A lot of people lives in poverty but this woman is too GREEDY🥶🥶🧌

[@prophetendtimes]

The Jews ady worshipped the one God of Israel. So who is this One allah of kaabah? Who is the praise one? Mohd has no new revelation. Who is this allah calling believers to kill Jews and christians? What so bad about them. Our human conscience is smarter than this allah of the black stones. Muslims submit to the will of God. What is this Will?. They should submit to the 10 commandments given to Moses. Muslims broke all the 10. Submission is nil.God asked all to listen to His Son, Jesus the Christ. Why quran fabricators do not copy and paste Jesus wonderful teachings in the quran. They pick and choose cherries in the bible to suit their new religion. What a shameful thing to do! If allah is the same God of Israel, why allah cannot stop the rebirth of Israel in 1948? Why allah bless the Jews more than Muslims? Why allah help Jews with angels to win wars in 1948, 1967, 1973, 1978, 2006, etc. Hamas oct 7th and perhaps the coming armageddon. Who is proving to be the Living God ? Israel or allah of kaabah? Don't waste time on a dead god. Be with the living resurrected King Jesus , the Son of the Living Father God. allah is not even a spirit , so must be a stone from ancient kaabah. Islam took you for a good ride. Ends of lies and hadiths is Death. Break the strong deception on your numb skull. In Jesus mighty name. Amen Warnings from God of Noah is seen in all nations in flooding, hailstones, earthquakes, strong winds. The coming total destruction of the present corrupted ungodly world is leaving you destroyed if you do not have Jesus in your heart, not destroyed or redeem, saved if you have accepted King Jesus as your saviour. Preachers of the gospel in Christianity urge you the urgency to pray to him for repentance of your sins in His precious blood sacrificed upon the Roman cross. God timetable will not wait for you and His patience has a dead-end. Thank you If you need to see all the biblical signs converging in every nations the warning and wrath of God, open my Facebook id here. Some good selection of video enlightenment too for your viewing. facebook.com/robertkcs18

[@shanecharles4589]

Women.☕