Vietnamese billionaire sentenced to death for $44bn fraud | BBC News

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.
Truong My Lan was convicted for taking out $44bn (£35bn) in loans from the Saigon Commercial Bank.
Prosecutors said $27bn may never be recovered.
Authorities said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.
The evidence was in 104 boxes weighing a total of six tonnes.
Eighty-five defendants were tried with Truong My Lan, who denied the charges.
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#TruongMyLan #Vietnam #BBCNews

[@MrBisque]

First billionaire to ever be found accountable for their actions.

[@isabelc2131]

Well, the first thief who stole billions. Not every billionaire is (that much) of a criminal.

[@poekpally]

​@@KpogiDplease present the evidence that every billionaire is a criminal

[@robertjames4908]

Bill Gates, Klaus Schwaub, Pfizer and all the rest to follow...Better buy shares in gallows manufacture...

[@OnlineEnglish-wl5rp]

@@isabelc2131 They were collectively quite happy for entire nations to be defrauded for the sake of propping up their fictitious paper wealth

[@srji489]

Maybe politicians were victims too😂

[@Kroogles]

Meanwhile in the US, all the people responsible for 2008 are out of jail doing the same shit that nearly destroyed the world economy.

[@furiousapplesack]

@@Anti-terrorist3112 Names? lol, you want the names of everyone who DIDN'T go to jail for the 2008 crash in the US? How about a shorter list of the names of people who DID. 1) Kareem Serageldin. That's it. That's the list. Served 30 months.

[@thomas6069]

Ya to big to fail bigger now than in 2008 Wall street casino wide open after trump passed tax bill giving billionaires a twenty four percent tax break they don't need their kitchen remodeled or a new car you want to stimulate the economy you give the 99% a twenty four percent tax break they will spend it on a new washer dryer new frig or a new car This trump tax bill needs to be reversed before it's to late.it all started with the reagan trickle down theory a complete failure as the 99% took it the shorts and it has been all down hill for the 99% ever since.I know my syntax is not perfect but .

[@user-md5bf8kc5e]

So they would be running new ventures to increase GDP😂

[@3katfox]

​@@Anti-terrorist3112 Dude. Google it.

[@BDRmongoose]

what? most of them where never in jail.

[@DeEmperor1]

In Vietnam, individuals are not allowed to own more than 5% shares in any bank. The woman used shell companies to buy 90% shares in Saigon bank. Then approved 93% of all the bank's loans to her shell companies.

[@q2breath]

BEZOS AND ZUCKERBERG DO NOT PAY ANY TAXES AT ALL!!!!!!!!! IS THAT OK WITH YOU!!!????

[@curtis9555]

What is the relevance ​@@q2breath

[@Vnexpress1203]

@@q2breathYES! When you reinvest all your capital gains back in your business you paid ZERO taxes. It’s a simple concept, you should try it.

[@TheMarcosvolta]

@@Vnexpress1203 you're an idiot. no billionaire and no corporation should pay zero taxes, period.

[@AA-le3xe]

Rich individuals should pay high taxes mandatory - no exceptions. The IRS should be monitoring them 24/7.

[@hanhbuik15hl2]

Long story short, for those who don't really understand this case : In vietnam, each individual is not allowed to own more than 5% share of a bank. Truong My Lan built up multiple ghost companies, each of the companies she own invested in the bank, own a total of 93% share, making her the anonymous owner of it. She also bribed some politician so that she can easily take all the amount of CASH from the bank whenever she want without being caught. The total amount of money she took from it is worth 44 billions dollar but in cash, it's literally just bank robbery without being noticed by the authorities. That's why she being sentenced to death

[@Rosebud2503]

Thank you for this brilliant explanation.

[@ahmeddabboussi7370]

44 billion dollars in cash!! did she spend it? did she keep piles of cash in her house?

[@fubukisbestfriend3760]

​@@ahmeddabboussi7370 nah bro, someone said that she put all of her money into the sea, and challenge everyone to find that money. People call it the One Piece tho

[@ahmeddabboussi7370]

@@fubukisbestfriend3760 cool, you wanna gather a crew and start looking for it?

[@Huey-rp7pi]

Someone she gave a million to betray her smh ungrateful humans

[@mother_of_doxies]

If she tried to pull this sh!t off in America, she’d be a celebrated politician.

[@monipenny408]

She'd be running for POTUS!! U$ freedom and democracy the best system that money can buy, which is why all international crooks have their HQs in the U$A, even A!PAC!!!

[@Guyver09]

Sadly true 😕

[@mrgenetics4063]

How are you able to swear and get away with it? my comments always get deleted by the AI monitor

[@newmankidman5763]

I love the way you threw us a virtual curveball,

[@combatepistemologist8382]

She'd be getting gov't grants and bailouts.

[@18000rpm]

Staggering level of greed. I mean, once you have $1B the next $40 billion isn't going to make much difference to your lifestyle is it?

[@motle710]

it will, in the rich world

[@james.telfer]

Well, it's the difference between owning a superyacht or a spaceship... Volcano lairs don't come cheap either!

[@paulgibbons2320]

Totally correct.

[@user-rv9hp6bo3y]

She needed a bigger Yacht man, I don't know what to tell you

[@paulgibbons2320]

We have more than enough wealth for all men's needs. We will never have enough for all men's greed

[@LuisinVegas]

Respect to the Vietnamese authorities. Greed is destroying the world.

[@user-fl1pc7zu7f]

Greed she provided employment for people building the buildings, housing for people, to accomodate shops and businesses, it isn't in her back pocket she investe4d it in the people

[@thanhtrieu3606]

Well the authority may just have a chance to get free money

[@grime2.085]

@@user-fl1pc7zu7fnope she stole billions of dollars from the Vietnamese people and is responsible for multiple suicides

[@thanhtrieu3606]

We know how corrupted the authorities are. And by the way it’s weird to see people from the democratic world praising commies, obvious VietNam is a different kettle of commies

[@amoretpax199]

Respect? The common people will not get a single Dong back. It's communist from the North side attacking the Southern faction. Welcome to Vietnamese politics...

[@xXNxLixeXx]

Defrauding a bank of $44 billion is beyond wild, crazy, and stupid

[@thegodfather7347]

$44 billion is how they calculate the total loss, that is, the amount of money she earned from withdrawing the bank + that amount of money invested in a project, in a way it is calculated x2.

[@janiewin9455]

just greed, within gov. corruption.

[@xXNxLixeXx]

@@janiewin9455 Facts

[@artsyhyd]

Currently theres ongoing case in Indonesia around USD $17 Billions tin mining corruption.

[@xXNxLixeXx]

@artsyhyd Corruption will always end up somebody or multiple entities getting sued

[@derrviel]

$44bn is already a lot of people from first world countries. For a developing country like Vietnam, $44bn is unimaginable

[@idontcare-ct7jm]

Hooblah

[@TheMIEProject]

Actually in Vietnam. The rich is not 1 but 5%. There more rich people here than you think.

[@powerkingez9682]

@@TheMIEProject yeah but you also have insane poverty,underdevelopment and people living in shacks lets not pretend vietnam is rich mate its piss poor

[@selmahare]

It's unimaginable and abhorrent anywhere.

[@wrestlinginfodude2644]

No its not ,it's growing on very fast pace and will future economic juggernaut like in near future

[@fedvvvv]

How greedy can you be?! 44 billion? What a lunatic.

[@kristinayoung8070]

Wait till you hear about this guy Jeff Bezos!

[@BawkBawkBawk666]

Cough cough bil gates

[@truthismycause2800]

​@@kristinayoung8070Bezzos got his obscene fortune by exploiting people around the world, not by embezzlement... that we know of, I mean.

[@truthismycause2800]

​@@BawkBawkBawk666Gates have away his money.

[@willzyxOfficial]

@@BawkBawkBawk666 Not at all comparable. Bill Gates built a company, that became valuable. That's not greed. This woman instead is stealing and embezzling, more and more and more, with the only goal being to make more money.

[@Nekopolitik]

Fun fact: before her execution, she said that she had hidden the $44 billion in a secret location somewhere in the South China Sea, and challenged people to find it.

[@NightElveee]

One piece becomes a reality

[@phanhuyduc2395]

Yeah this story became a meme in Vietnam overnight 😂

[@terrancebagley387]

Holy, the One Piece is real!!!!!

[@rexygama7697]

How do you even hide 44bn worth of money? It would be ginormous in cash

[@eggotheegg961]

@@rexygama7697 internet is actually just make that up, she didn't said anything about where she hide it at all.

[@eddym5532]

Greed is a curse.

[@courtneyboudreau4284]

It's evil

[@jeremynewell9903]

$44B would give every single Vietnamese worker 3 months of wages.

[@thiennghianguyen1683]

It's one-tenth of my country's GDP, so 1.2 months of salary would be more accurate.

[@VanPham-so3pv]

Don’t count on that, the $ will go to another VC pocket

[@PukaSHellTourGuide]

@@thiennghianguyen1683 is this USD 44billion or dong?

[@lesliehuynh7086]

@@thiennghianguyen1683 Remember this is a third world country, so 1 to 2 YEARS would be more ACCURATE.

[@thunderous-one]

@@PukaSHellTourGuidecertainly bigger than my dong.

[@stephenkane1074]

Billionaires all over the globe are disconcerted at how popular the sentence seems to be!

[@robinmiller5256]

Wonder what Sam Bankman Is thinking while he lounges at the billionaires prison here in the U.S.?

[@getphuked2]

No their not, they think they are GODS

[@kalesims6540]

Billionaires are not scared. The Fraud billionaires, are shaking in there boots.

[@majunga6909]

Indeed

[@Tiglath-PileserXIX]

I guess they don't f*ck around in Vietnam. They know there is no societal value in keeping this woman alive.

[@jamesbillington9280]

Weird. In the US we reward this type of behavior with freedom and no jail time.

[@BenDover12366]

What are you talking about? Nothing like this has ever happened in the U.S. Lesser fraudsters like Bernie Madoff and Sam Bankman Fried received prison sentences.

[@DeepBoxGames]

Since when?

[@jamesedward4655]

That is why your country is the greatest country for the Intelligent. - From UK-

[@iamexercitus9962]

Because Americans are idiots

[@turkizno]

@@DeepBoxGames jeff bezos is about to become the first trillionaire by 2035, set up a Remindme

[@ozzzy3302]

She did everything she could to keep her two daughters abroad safe. She handled all illegal acts with her niece and did not let her two children be affected. And the two daughters will enjoy that money. A great mother I'm truly ashamed for her children, driving thousands of people into poverty so they can live happily on stolen money.

[@Ninsidhe]

Doubtful- there’ll be a constant forensic accounting being undertaken, their bank accounts will be frozen and appropriated, it will not be an easy road for the daughters.

[@jirajira2872]

how did they driving people into poverty?

[@gonkong5638]

@@jirajira2872people who put money in that bank is lost all the money. 44$ billion

[@MaiNguyen-fy4sv]

@@jirajira2872people invested $$ into related banks and She swallowed it all. Now no $$ to withdraw, people empty handed.

[@Liztastaney7]

@@jirajira2872 banks gamble peoples money off as loans. Thats actually someone's passive income or inheritance. The ones that most people don't bother to check often.

[@containedhurricane]

Vietnamese authorities didn't play around. Let it be an example for other corrupt individuals

[@simonbrown7455]

This is a drop in an ocean in Vietnamese corruption.

[@containedhurricane]

@@simonbrown7455 I thought Vietnam was one of the least corrupted countries in Southeast Asia

[@simonbrown7455]

@@containedhurricane Na it's pretty bad. People still bribe their way into jobs. I think this sentence is them trying to save face. Compared to others I dunno if I can comment on that. But I doubt it.

[@santostv.]

She probably lived a good life and she maybe also is the “fall guy”

[@-The-Grim-Reaper-]

@@containedhurricane No bro. Its pretty bad

[@avarmauk]

$44 Billion!!! Does anyone understand how insane that amount is 😂

[@MsAlien911]

Ya, could buy a decent social media company and change its name to x and leave it to nazis

[@matthewishunting]

it's really a lot. it's like a million but a lot more

[@kevinhurley6919]

Its like what europe can collectively give to ukraine

[@SexKing-hj9nv]

It’s a lot more crazy when you realise it’s 11% of the countries entire GDP ☠️

[@AyushSingh-be2yi]

Yeah, Cost of Twitter(X Now) few months earlier !!

[@vperera2456]

These days greed is boundless.

[@georginikolov1141]

In which days it has not been ?

[@nhato7750]

I am Vietnamese and to summarize this world-wide case as follows, it notes that Truong My Lan is a woman of Chinese descent, and she is not the only one in charge of this case but she had an agent behind her to plan and carry out this embezzlement for 11 years. Basically, she manipulated the bank and countless related parties with the money that people save in the bank, to lend without collateral and without needing to collect debt, like calling out for project investment and then taking the that capital to create more and more projects and then she laundered the money and sent that large amount of money to Switzerland. She owns a huge of real money that can be easily used directly which are not share and virtual money , so this is called a massive case in the world. When it doesn't mention about her criminal charge, her mind is extremely out of this world.

[@Vano-ss2le]

Banks go through very tight regulatory control everywhere, under which embezzlement on such a massive scale is impossible. Nor does issuance of unsecured loans by banks, poor performance of the portfolios, poor risk management policies in banks or clients' default can be seen as embezzlement. This smells more like a political case.

[@Reddylion]

Hmm ​@@Vano-ss2le

[@sw33tsoda]

“of Chinese descent” Who asked for this part? 🤔 What’s her nationality? Where she was born? What’s her mother tongue? Don’t be like that!

[@eightballjamal]

It’s easy to say she’s of Chinese descent but really it’s simply a crime of opportunity regardless of descent. Look at all the Vietnamese scooters running red lights or riding on sidewalks. It all starts the same way…feeling like you can get away with something….

[@haniahannslew4108]

Just because she is Chinese descent, she is sentenced to death penalty while other Vietnamese corrupt high officials don’t have to face death penalty. We know discrimination plays a part of it. Without those Vietnamese officials from the top involved, she wouldn’t be able to do that much. But those Vietnamese officials don’t face the same death penalty. We know discrimination against Chinese descent has been existing for centuries in Vietnam.

[@ANDIBO987]

The worrisome part is not that she did this for eleven years, is the amount of people not caught doing similar things who will never face any consequences

[@ToiletPlugger]

That can still change!

[@This_tub]

They didn't get their cut

[@Hvrtjff]

The men didn’t get caught.

[@ToiletPlugger]

@@Hvrtjff men get caught committing financial fraud all the time....

[@preydy1259]

They may have escaped from the hand of men, but they cannot escape God's judgement

[@rogerwilson6367]

If we took this approach in the UK then Parliament would be empty.

[@anacc3257]

UK Is one of the least corrupt countries, it'd be hard to get away with something like that

[@ricardoviolanti5780]

Same in Australia with political.

[@DanaMcCurdy-il5wl]

Same in the U.S

[@angie-xy5sf]

so would USA

[@stickynorth]

Most of the capitalist world... So most of the world...

[@Rayrae580]

If it were in my country, they will just talk about it in the news for days even months and yet the person won't be held accountable.

[@lisieltaneza3845]

And you are from the Philippines ?

[@Rayrae580]

@@lisieltaneza3845 no please.

[@john-dalesanchez4650]

if it were in our country, they will never talk about it. you're quite lucky

[@john-dalesanchez4650]

​@@lisieltaneza3845you made me laugh 😅

[@Tiglath-PileserXIX]

If it occurred in the US she might be President someday.

[@solomonmitchell6048]

Man they don't play around in Vietnam!

[@pranititiwari6525]

Wow 🎉what an impressive administration, out there in Vietnam!!!🎉

[@Tiglath-PileserXIX]

To think America fought a war against that country. Makes you wonder who was on the good side then.

[@stephenbanks5952]

She must have lost her mind. Why did she go to such extremes? A fraction of that money would be enough to last you a lifetime. This was just greed at the highest level.

[@user-fl1pc7zu7f]

how stupid are people she didn't get this money to put in her pocket she got this money to invest in building real estate

[@phrazee]

She wouldn't have been doing all of this alone, she may have been pushed to these extremes. Board members, financial advisors, corrupt public servants etc. But she is still responsible at the end of the day.

[@monicacai]

She is in the real state business, a developer, with huge headquarters and all that…. Basically a big enterprise, to keep the facade, she needed more money to keep her empire running… same thing as Bernie madoff did just with a different name on her company.

[@MrTastiesFoodReview]

We see greed…. She saw an ambitious opportunity to become Vietnam

[@Chimboica2011]

Not so fast people, think again, please do not be so childish. This is communist country.

[@Linda-ot3pj]

GREED has no limit. Imagine the people that have lost their money

[@turkizno]

if ONLY their money. imagine the ones that either starved to death or couldn't afford to get proper healthcare and died or similar.

[@Imgrateful777]

She just watched what Nancy Pelosi and Hillary Clinton got away with and ran with it!😊

[@archonjubael]

Wow. What an amazing happening! I want to know more.

[@BigJohnson911]

In the US, she would have been awarded with a taxpayer funded bailout.

[@danieljohnstone6805]

And A Invite To Maralogo

[@AfricanWifeinPakistan]

😂😂😂 💯 true.

[@Fat12219]

😂 here u go 😂

[@user-cg3bg3hy7j]

@@danieljohnstone6805 As usual you libs get it wrong. She would be invited to the corrupt and lawless Obamas and Clintons. Dem voters are ignorant.

[@beanogas63]

And Trump would give her The Presidential Award of Freedom

[@jameliakingstom1190]

She should’ve stayed humble she had enough. Greed kills people

[@alvadagansta]

Without embezzlement and corruption, I don’t think she would’ve had much

[@mhlengiseetsi5932]

Greed kills people literally

[@Derekphysique]

you cant be humble while committing fraud and crime. there is no humility in this to begin with.

[@lesliehuynh7086]

@@alvadagansta You got it ALL wrong. She was very very successful before 2012. In 2012, she was ASKED to help with merging 3 banks & restructuring it. That's when everything went side way 'cause she OWNS the bank. She manipulated people to think she has ABSOLUTE power over the bank (SCB), BRIBED 15 State Bank of Viet Nam officials, 3 government inspectors, a former official at the State Audit Office to look the other way.

[@trildi]

@@alvadagansta Aren't ''embezzlement and corruption'' just the same as greed? You wouldn't take part if you weren't greedy.

[@ericdang8878]

Netflix gonna have a field day with this one

[@brianpham8877]

Seriously.. how much is enough.. the power of greed at work..

[@Tiglath-PileserXIX]

For that level of greed, the government obviously thought it was appropriate to put her under.

[@fourthturning]

All the people she bribed and who worked with her on this should also come to justice. She couldn't have done what she did without the cooperation of others.

[@tenyearsinthejoint1]

Absolutely

[@zhihao1]

Some of them are. I read 3 of her associates got life sentences, a couple dozen more got 10-20 years

[@Khamzes]

They mention toward the end that there are 80 other defendants, so they probably are.

[@leealex24]

To be fair, the blame would be 100% on her and the key people. Those who got bribed, are basically, being threatened to comply. I find it sick that she said she is "new" and "innocent", this is a well-orchestrated scam and didn't care about the society. This lady is sick.

[@lintran3211]

they probably RATTED her out, to save their own skins....no single person can solely do this much damage!!.....LOL

[@matthewishunting]

We need a few headlines like this in the US

[@onlyme8117]

Luck of the draw. Do this in the UK and you end up in the HOL.

[@lindablackmore]

In Canada too, especially with our corrupt Prime Minister Justin Trudeau! 😡

[@R.Iamondi]

All over the world.

[@markbaston8147]

Don't hold your breath.

[@michaelrains64295]

Govt is more responsible for the problems you’re referencing. Without their intervention, consumers could hold corporations responsible and have free markets with competition and choice.

[@hoang7391]

2:05: this is a good question and we know a number of people were dead by unknown reasons when Truong My Lan was captured. We also know that she was watched for years. The Ministry of Public Security has proposed to investigate her several times before but something prevented from happening.

[@Junaid-mw4hy]

Justice done. ⚖️ I rest my case.!

[@JacquesdeMolai]

Compared to Sam Bankman-Fried, who got 25 years in jail, this lady was sentenced to death. Sometimes, it’s hard to believe we are living in the same world.

[@orawancarlile6192]

That is the communist world.

[@jparsit]

The US is for the rich and no one above the law is only for the poor.

[@deeznutz1803]

I was just thinking this same thing as I clicked on this video seen the title. I think I rather have death then be stuck in a cell with bubba

[@AKAPART]

Well said, if she did something wrong why let her get away with it to the point she becomes a billionaire, if anything these people should be put to use for their skills, because to get there isn't easy, but this shouldn't be allowed at all... some countries really need waking up... I say this because Sam Bonkman (Crypto nickname), is actually helping his inmates too and others...

[@ofdeadkiller]

welcome to Vietnam

[@Hotshots2890]

80 LAWYERS! holy crap she hired the whole firm for her case

[@ssl33p]

I mean, if you got 44B, 80 lawyers is kinda low.

[@SomethingSomethingg]

Jesus Christ, I guess it just goes to show you that the court system doesn't screw around. In the United States, if you hire 80 lawyers, you're all but guaranteed that the verdict will be in the defendant's favor.

[@Biker65]

On both sides a total of 200

[@nyakwarObat]

​@@ssl33pyet it didn't work out for her. Mainly cos of greed

[@julianmorgan79]

Well if you're facing the death penalty then you're going to do everything you can to survive

[@Azulakayes]

I firmly believe that no billionaire is an ethical business person. If not directly committing fraud, they are corrupt, evading tax, exploiting their employees or degrading the environment...one way or another, it is disgusting to have so much money while others have nothing.

[@colinjones5100]

Greed has no boundaries and certainly no limits. To people like this woman and her accomplices, "Enough" is not a word they recognize.

[@millogautam667]

I think India too should apply this law. There are many billionaire tycoons 💰fraudster who have fled to safe house London after looting many banks here in India. And also the India banks blindly trust this tycoons. Vietnamese 🇻🇳law is awesome👏

[@WestYorkshireGuy1]

Rishi Sunak.

[@CheekuCiku]

Your Modi has to be kicked out first. Regardless, India will remain a shithole

[@user-md5bf8kc5e]

​@@andromeda45188 such situations are indians also. I think she was made scapegoat to hide the national corruption businesses there. 🤔

[@ritujrituja7129]

It is not possible in India because all fraudsters are Friends to Indian government and law is not above Government in India.

[@chienpham6144]

​@@andromeda45188 that's a naive interpretation of political environment in Vietnam. Your comment is subjective and misleading.

[@stefani745]

Comments from so many countries make you realize, people are the same all over the world. Corrupt people are everywhere and their people wish they can get punished, but they somehow get away with it. 😢

[@brianneedham7582]

Tony Blair top of UK list,his day of reckoning is not too far away!!

[@CreationK.]

”In fact, everyone who wants to live a godly life in Christ Jesus will be persecuted, while evildoers and impostors will go from bad to worse, deceiving and being deceived.“* 2 Timothy 3:12-13

[@joseph-mariopelerin7028]

Yeah... its the same old story since Roman empire and probably before.... Also, i would take what being said on this channel with a whole bag of salt...

[@AroonYousufi]

Lmaooooo she had 10% of Vietnam’s economy in her hands 💀

[@KK-ol5ov]

Imagine the US and UK having such drastic laws.

[@ErrrorWayz]

Scotland will lock you up for 7 years for saying things someone think are mean so not far off tbh

[@sjhd98]

Wait, 46B USD is 11% of Vietnam's GDP!!! She stole 1% of GDP every year over the last 11 years! This needs to be made into a movie.

[@user-br4tb7en1l]

Call it “1%” 😂

[@danielhealy9725]

They'll bury the movie...

[@cramifcramidf3590]

Avec les aides du gouvernement communiste viet nam.

[@kbrown5218]

I bet China got the bulk of the money🤔

[@markberryhill2715]

I hope they get Vicky Nguyen(NBC) or Stephanie Sy(PBS) to play her part. They would be excellent and it would be a good chance for them to play a bad girl 👧 lol

[@captain_context9991]

The court case took 5 weeks. While in America the whole legal & justice system tries its best to let billionaires off the hook. Its almost impossible for any of them to see the inside of prison.

[@ISirSmoke]

and to imagine one of those criminals is trying to run the country

[@andyhelliwell4955]

@@ISirSmoke Obama ?

[@camj1758]

​@@andyhelliwell4955is he trying to run the country?

[@bobfaam5215]

@@camj1758OBAMA is actually running the country . BIDEN is just his tool .

[@captain_context9991]

@@camj1758 Haha when asked... A lot of Americans will tell you Obama still runs the show behind the scenes.

[@TheEDNC]

Wow, are you thinking what I’m thinking?

[@skynette789]

No wonder Vietman is progressing so fast as their judicial system works. RESPECT!!!

[@ahthisisgood]

Now THAT is an example of justice being laid down ! I wish the US justice system would take notes.

[@nonino1644]

I hope USA will never kill a human over financial crimes.

[@nyakwarObat]

​@@nonino1644 if only you were that important to be even heard never mind considered

[@thomasmusso1147]

​@@nonino1644 I hope that you are wrong. Financial Crime has killed people .. at the very least, ruined their and their families lifes.

[@monipenny408]

@@nonino1644 Meanwhile corporations are fine taking lives for profits? Are you are corporate think tanker or may be a democrat by any chance?

[@kshitijoberoi1928]

US does not have spine to lay such justice over there billionaires. Ethically bankrupt these crony capitalist economies are.

[@rayleighg9235]

Oh damn. This is the first I've ever heard of a death sentence involving fraud and embezzlement. You certainly don't see that in the US

And do you want to see that ? Further barbarism ?

[@racool911]

We tend to be a more civilized country

[@holymotherofpearl]

yes

[@djstonge]

They probably have the judges in their back pocket

[@stephenhan9680]

If you deceive and embezzle exorbitant amount of money from public in US, you actually get extra bonuses and government bailout. How thoughtful and convenient. Money Printer: Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[@CP4Z167]

Did she do this all alone? With this much money involved , I imagine there is a huge board room behind this?

[@anhthuy1128]

85 people, including politicians and businessmen, were arrested and imprisoned

[@CP4Z167]

@@anhthuy1128 sounds about right 👍

[@arere9948]

Her husband, Chu Nap Kee Eric, is also a billionare in Hong Kong, he has his own company in Hong Kong. He is also in this w her, it seems that he will serve 9 years in prison for "unknowingly helping her"

[@615taz]

Scammers are absolutely horrible people. My parents committed suicide. And I've been tormented and harrased for 30+ years. I myself have been in and out of mental institutions.

[@user-ru3ql6ji4p]

In some parts of the World billionaires are above the law. Not in Vietnam.

[@colonelarmfeldt8572]

The Vietnamese Communist Party is ridiculously corrupt. She was sentenced because she simply took too much, and because she didn't have the right connections within the Communist Party.

[@dimasbeltran866]

Well, when it effects the big guys this is what happens. But, when if effects us little guys they could care less !!!

[@pranititiwari6525]

In India 😅😅.....fraud seems to be an every day matter 😅😅😅...

[@user-se7vt5ow4e]

@@pranititiwari6525same in Amerikkka.

[@47coffee]

So you see one person, one single person take the fall, and suddenly you're all "Hail Vietnam, Hail! Hail! Hail! That's how you do it! Vietnam is a role model"? lol

[@Bob-ts2tu]

i saw this story on the news earlier, and wondered how much money is enough, $44bn is insane, pure greed.

[@NickolaiPetrovitch]

That’s why I’m conflicted morally, but it’s 44B I mean.. she cost lives that’s such a huge number and such a chunk of their GDP

[@martinefrancesmctiernan7624]

America already has the death penalty. It has not stopped anyone doing it.

[@lintran3211]

GREED is really Good though.....just do it the LEGAL WAY (or legalized loopholes).....LOL

[@asumazilla]

You would think there would be more oversight.

[@ahmedmashhour1912]

@@lintran3211 Greed is only good if you think you have no afterlife and this life is the only thing to live for but for the others who acutely care to research the concept of life and know what awaits us after death, they fear greed more than you can imagine.

[@pizzaandplaza7610]

Crazy!

[@tegarachsendo9730]

Honestly it's a bit harsh. But i can understand how devastated the effect for the country and all vietnamien

[@angkhoanguyen6114]

Vietnam will still recover fast.

[@annmariebusu9924]

I don't feel sorry for her. Her actions impacted a whole country of people. I think it fair.

[@mikecappa1094]

America needs this kind of justice for our corrupt officials.

[@jlr194]

A woke judge would have given her a slap on the wrist in the U.S 😂

[@freespiritable]

That's how dictatorships start. It's always for a good reason, then you can do nothing cause you have no more right to.

[@andrewcrowder4958]

Name specific people convicted of specific crimes.

[@user-cg3bg3hy7j]

That is why the Democrats have corrupted the system.

[@S0ULJA006]

@@andrewcrowder4958Donald Trump, reason? For stupidity and spreading it.

[@bbd121]

I'm surprised it took so long for Vietnam to notice US$44billion went missing. And US$27 billion is unrecoverable?Why didn't she leave while she was ahead?

[@TrapstarJolene]

Yea me too

[@LAFITZ10]

GREED IS A BOTTOMLESS PIT - you can SEE THAT yes???? don't you SEE the GREED?????

[@spikebonjour4890]

She did it slowly across 10 years, bribed inspectors and state officials, has deep political ties, and did it with her cronies and shell companies in tax havens. Also the number of lawyers representing her in this case were three digits.

[@MrEricmopar]

Because the average person doesn't want that much money and power. These oligarchs like her, are padding accounts to fund takeovers of governments. Suffice it to say, they are literally mad with power and mentally insane in the first place.

[@pleasestopdisassemblingmylimbs]

​@@LAFITZ10YES THANK YOU I SEE THE GREED!!!!!!! Thank you for clarifying THAT IT WAS GREED!!!!!! I do SEE THAT!!!!!!!!!

[@myworldproductions]

Talk about being held "accountable" for your actions.

[@CherylKoch-zx4bh]

Omg unbelievable.

[@tigermanhappy7875]

In the States, we have legalized this kind of fraud thing

[@mattyudin7792]

Then go do it, what stops you (except for being a liar)?

[@scienceisreal779]

​@mattyudin7792 well I doubt they are a member of congress

[@awardwinningcritique6895]

BS I don't even live in the states and can tell you you have an FBI fraud squad you can report this to online. Like I did in 2009

[@EingefrorenesEisen]

There's also such a thing as morals that wouldn't allow us to live with ourselves if we did what these people do just for wealth and power.

[@NoLimit4949]

And make a documentary for it

[@m3talentagency680]

Despicable. Greed, for a lack of a better word is bad. Greed doesn't work. Greed is destroying the world.

[@siamanspaps]

I praise and lift my hat off for Vietnam. Respect.

[@JohnDoe-tx8lq]

After the first billion, you should quit while you're ahead.... 🤔

[@juice6521]

Most billionaires are sociopaths, their need to amass more personal wealth for the sake of having more money. Rather than improve the quality of life for their employees they do whatever they can just hoard more money. It's capitalism 101.

[@kevinhurley6919]

Nah, wait until it goes from a b to a t

[@CJBhattarai]

right ....greedy

[@JoshuaMartian-go3tm]

I guess for some, 5 yachts, 3 homes just isn't enough. 🤷‍♂

[@0hffs]

while she could have a head lol

[@danielkaszas2982]

Vietnam respecting the rule of law more than the USA, or any other western "democracy" where billionaires are untouchable. What a time to be alive.

[@NguyenAnhVu10]

Vietnam does not "respect" any rule of law. Everybody bribes from top to bottom. EVERYONE. As soon as you step foot out of the airplane in an airport, you can already see some kind of bribery going on.

[@eddie1683]

Vietnam is one of the most corrupt countries 😂

[@bluescale8626]

You should move over there

[@OnlineEnglish-wl5rp]

She seemed to avoid the "rule of law" for rather a long time ; ) I guess you missed the jailing of Sam Bankman-Fried?

[@jaimep3432]

​@@bluescale8626what a puppet

[@feija0zinh0]

We need more of these penalties in the states

[@Tiglath-PileserXIX]

That's funny. Didn't the US fought a war against this country? Are you suggesting the US was on the bad side then?

[@feija0zinh0]

Everyone knows it was an unnecessary war

[@arpansaha2111]

It definitely was​@@Tiglath-PileserXIX

[@danielong911]

What a contrast vs Malaysia’s 1MDB.

[@jhunz23]

Philippines 🇵🇭 will loose all of its Politicians if we have the same laws and efficiency as Vietnam 🇻🇳 Kudos Vietnam!

[@bettylaban9696]

And in the entire Africa, there would be no politician left, past, present and maybe future.

[@stepupyourgame9510]

Its the same everywhere mate

[@quattrobajeena8623]

Too bad you elect the same criminals to run your country

[@fidelcatsro6948]

Just returning the 44 billion dollars back to the population as free shopping vouchers will stimulate the Pinoy economy into a Dubai!

[@billie-J]

Napoles and cohorts went away

[@AnthonyfrmYO]

Greed is a special kind of sin . Imagine being worth billions of dollars and still you feel the need to cheat . This kind of accountability needs to go international .

[@user-yw1rp4rj4u]

Should have accounted for the transfers as “Performance Bonuses”…..

[@isoldejaneholland8370]

Can we get this here in the USA? Well, at least for one specific case currently in the courts......

[@somethingclever8916]

They need to do this world wide instead of just bail outs. It would keep them in line

[@tempejkl]

Socialism is the way

[@amillionwhooshes]

$44 billion USD wow! Just for context, the GDP of Vietnam was $408.8 billion USD in 2022. So 1 person took 10% of Vietnam's GDP in a country with a population of 98 million people.

[@blindbrad4719]

I think your maths might be a bit hinky, 44 was over 10/11 years not one.

[@CaptainShonko]

@@blindbrad4719 doesn't matter if she obtained it over 10/11 years, 1 year, or 50 years, she's still obtained a total amount the equivalent of 10% of Vietnam's GDP. No maths error here, your understanding of the sentence might be a bit hinky. 🙂

[@blindbrad4719]

@@CaptainShonko yep you're right 😂 I really need to turn down my TTS speed sometimes 🤦 😂

[@FakenameStevens]

However hard you work in Vietnam, a month and a fifth’s worth of that is going to someone you don’t know. Not benefits, someone you don’t know.

[@This_tub]

A lot of Communists got rich from prosecuting her. That's how it works in Commie VN

[@gayu73]

Wow that's a lot.... Too greedy😱

[@justyonnieofficial1829]

When greediness , no contentment nor satisfaction attract!

[@NealX_Gaming]

People like this are just unbelievably sick. Those levels of wealth are literally meaningless, just numbers on ledgers, what could one person possibly do with that much money?

[@user-fl1pc7zu7f]

wow really how uninformed are people it isn't in her pocket it is money she got to put into building real estate

[@kimthien4794]

Dù đúng hay sai ko thể phủ nhận bà ta là một người phụ nữ có tài !

[@MrTastiesFoodReview]

It will allow her to corrupt and control the country Vietnam from behind the scenes.

[@masvingozimuto]

​@@user-fl1pc7zu7fThere is no difference. Wether it was money in her pocket, in the bank or in assets, she can't do anything with that money. That's why Warren Buffett and Bill gates dicided to donate a big chunk of their wealth

[@ttteeaa]

@@kimthien4794 có tài nhưng không có đức! Chỉ có thể là đồ vứt đi thôi.

[@DanSong47]

She must’ve pissed off some of her billionaire colleagues for them to rat her out like this.

[@YogaBlissDance]

That's what I think too, someone still in shadows will continue or has taken "enough" billions/millions.

[@mysterioanonymous3206]

Definitely. Everyone there is corrupt. Something else is going on here behind the curtain, for sure...

[@manenwan]

No one rat her out, the bank that she was siphon money from was in such a terrible financial state that people cant even withdraw money from their account anymore. Simply because the bank had no money left, she sucked it dry

[@KhanhDinh291]

this has been a long time coming. 10 years ago she escaped a smaller but similar case, while her coconspirators got killed, yet still didnt learn and continued her wretched way

[@manenwan]

@@KhanhDinh291 should have stopped then but she fucked around and found out

[@MCCARTHYK-dq2dn]

What's all about now please

[@alexishernan4289]

44 billion?! I wonder how she get the death penalty for this...

[@irishmade8136]

Wouldn't mind if we had that Law here in Ireland 🇮🇪. Plenty of Politicians, CEOs, and Bankers,would be running for there lives. The backhanders , property development, Brown envelopes etc. 🤔🤔🤔🇮🇪

[@littledudefromacrossthestr5755]

Fr? 😱

[@WinstonBuford]

or anywhere for that matter.

[@tomasofaolain3117]

Where have all the saints and scholars gone shameful

[@meanlean3095]

Ireland will be Islamic by 2040

[@irishmade8136]

@@tomasofaolain3117 Just a myth for the tourists, . Ireland is as corrupt as anywhere else. 😡😡😡

[@richpaydirt]

I’m glad to see that justice still exists somewhere on planet earth. There’s little or none left in America. People are even allowed to freely commit crimes In some cities and the rich, famous and politicians are almost untouchable.

[@Saudyization]

It won't last long.. all powerful fame and rich goes down someday.

[@Tiglath-PileserXIX]

Don't forget America fought against this country. Just imagine if America won, that lady would not be facing the death penalty.

[@elijahasiso287]

Lawyers Stop!!!

[@Centurio-LegioX-Equestris]

It's like stealing all the capital funds of a small nation.

[@gurpriitchd]

In India, Billionaires go to London after siphoning off billions and live lavishly. Vijay Mallya, Nirav Modi, Lalit Modi, Chowksey etc. Indian politicians are hand in glove with corrupt businessmen and the loot of the nation continues even after the Britishers left. It is only poor who die of shame he faces in not being able to return a few thousand. Wish that Indian politicians had such intolerance for corruption.

[@blackmagic6]

There are two parts to your comment. Firstly, the corruption of those who steal and the second part is the enabling of governments, especially in the West, who provide a safe haven for these criminals to run to. However when the West have their own domestic criminals that flee to less developed countries, the West wants unrestrictive access to arrest those criminals so that they can bring them back to face justice.

[@thatchinaboi1]

Unless your last name is Adani.

[@Christmas-fv1jc]

​@@andromeda45188they go to work . And the money they earn is brought back to india . 😢

[@KingOfNaraka]

"....Wish that Indian politicians had such intolerance for corruption" That would like wishing a cat to not like eating fish.

[@monipenny408]

Heck if you play your cards right, you can even end up as Prime Minister of UK!!!

[@shashidharshettar3846]

My RESPECT towards Vietnam went Sky high. I’m an Indian and I will say that “India’s political, judiciary, police and Indian society itself have lot to learn from The Great Vietnam and shame Indian infrastructure. Please know I’m an Indian.

[@gadgetgasspoll2923]

Thanks to communism 😏

[@DDM_08]

@@andromeda45188source: trust me bro. bro vietnam was still poor maybe 30 years ago, its literally one of the best countries in Asia today

[@theinfinitymachine9610]

Actually I know a distance uncle who worked in S. Korea for 10 years. It was a huge sacrifice bc the whole time he couldn't go back and see his wife. However, after his contract he went back home to Vietnam and could afford to build a 5 story house for his kids. When the company opened the branch there in Vn, they hired him as a manager. There are lots of laborers but many other countries like hiring educated talent pool from Vn.

[@meryllamistoso]

most vn politicians are corrupt. MOST of them lol. i don't think it's something admirable. this act is only doing a little about the ridiculous situation

[@thanhtrieu3606]

Become s communist then

[@NguyenThiCamTuQP-uz6ld]

hello everyone, I come from Vietnam and I following this issue

[@nopepissoff2730]

It's a shame we here in the USA don't treat our own "billionaire" con men this way. We would have a more just society if we did.

[@danw918]

America exists to oppress millions in support of the elite. And most of those oppressed are stupid enough to chant about how free and brave this makes them, because their elite overlords tell them they are 😂

[@Wolfways]

You'd have no technology.

[@AmbrosiusEpiscopus]

​@@WolfwaysSuch an ignorant comment.

[@JoshuaMartian-go3tm]

Using yr logic, that means anyone convicted of stealing gets the death penalty. Be careful what y wish for.

[@everettbr]

@@Wolfways con men don't invent or build anything of worth

[@Anonymous-rc7kq]

The ppl the need death sentences aren’t getting it but this is too far????

[@RandomNooby]

I wonder how many thousands of deaths her crime led to...

[@Chyoonz]

On the contrary, you'll probably find it helped alot of people & their family in terms of employment. Banks would have invested that money abroad for profit without a single poverty stricken person getting a penny from it. Not saying I endorse her action, just giving you a panoramic view.

[@letony93]

@@Chyoonz lol try getting you entire life saving stole and being homeless in the last time of your hard labor life, for millions of people and you will know why death is so easy for her.

[@hongfeiwei2710]

@@Chyoonz ye and ppl also lost money. 42000 victims were scammed by her actions, so problems>>benefits

[@jayleeds2006]

$44B is just over 10% of Vietnam's GDP.

[@nhathongthaivn]

yes, It's even more Cambodia and Laos' GDP

[@jayleeds2006]

@@nhathongthaivn Wow. That's hard to believe, but you are absolutely right.

[@user-fl1pc7zu7f]

and from it she employed 1000's of people to build the buildings that would provide housing and places for shops and businesses.

[@armandosanchez4830]

That’s crazy

[@Bootstrapsmediaandcommunicatio]

This doesnt make people kill an individualllll.who of them all have never sinned...........its money.....its not a mass murder or genocides....the whole world is filled with corruption

[@RDPendleton]

Pardon my language, but Vietnam don't fuck around, goddamn.

[@catalinacurio]

My brother has just returned from Vietnam, he loved it but he wouldn’t do anything crooked.

[@LAFITZ10]

??? they sure DID for 11 yrs as she grabbed 44 BILLION w/a "B"

[@intello8953]

⁠@@catalinacurioerm why would your brother even think about doing anything “crooked”?

[@DungTran-kk6en]

They set her up .. to get all the money from her

[@DDM_08]

For a country that defeated France, Japan, USA, Liberated Cambodia from Pol Pot’s Genocide, and China all in the last century. You don’t say.

[@napalmholocaust9093]

America needs that kind of court.

[@michaelGarvey6587]

Uk too

[@azulaquaza4916]

We’d be called barbaric and the 8th amendment would contest it

[@-.._.-_...-_.._-..__..._.-.-.-]

@@azulaquaza4916 Rightfully so.

[@dieterdodel835]

The whole world!

[@fidelcatsro6948]

You need Cuban style policing then to achieve that..

[@Elwoodjarvis]

if money isnt everything why death?

[@alexutzusrl100]

Justice served cold. RESPECT Vietnam!!!

[@HeathenLaudiano]

Based communism be like. Inb4 butthurt Americans say communism bad

[@tiensinhnguyen8592]

@@andromeda45188Are you living in Vn rn?😂

[@lishen6347]

​@@andromeda45188in the USA , she will be president...so what are you talking about?

[@HeathenLaudiano]

​@asterix45 they aren't tho, this is literally what they do to corrupt billionaires in Vietnam. This isn't the first time either

[@HeathenLaudiano]

@asterix45 dozens of affiliated politicians and executives are also being tried. I'm sorry corporate American propaganda has u so brainwashed

[@Cacofonixravi]

Why India is not doing this instead they write off after taking a cut

[@vps2222]

Very well said In this recent years this practice has increased too much

[@Slb5988]

I’m curious other people who are doing it at a smaller scale how much are they getting away with

[@Christina.Branch]

Well, I guess he really took 'bank fraud' to a whole new level!

[@zenzender3790]

Looks like $44 Billion dollars can't be taken to grave.

[@katalinrobin6222]

not a penny can be taken to grave.

[@tonyhaynes9080]

Just a bit harsher than the five years she would have got in the UK.

[@ram64man]

This is why the U.K. law systems new a complete overhaul first off ended echr

[@Nottyastro]

The UK is a shitshow fr. Such a shame. It was once a lovely place.

[@isabellewhite3505]

With a limp apology, she would have dodged a prison sentence

[@Betinasorangeboxcom]

She would of got longer than 5 years ,

[@JohnJones-ct9pr]

Five years ? Are you sure ?. I think should would probably be awarded an OBE and given a peerage.