this post was submitted on 03 Dec 2024
603 points (99.7% liked)

World News

39364 readers
2661 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Summary

Vietnam’s High People’s Court upheld the death sentence for real estate tycoon Truong My Lan, convicted of embezzlement and bribery in a record $12 billion fraud case.

Lan can avoid execution by returning $9 billion (three-quarters of the stolen funds), potentially reducing her sentence to life imprisonment.

Her crimes caused widespread economic harm, including a bank run and $24 billion in government intervention to stabilize the financial system.

Lan has admitted guilt but prosecutors deemed her actions unprecedentedly damaging. She retains limited legal recourse through retrial procedures.

you are viewing a single comment's thread
view the rest of the comments
[–] Skullgrid@lemmy.world 42 points 2 weeks ago (2 children)

returning $9 billion (three-quarters of the stolen funds)

You can keep the 3 billion and live?

reducing her sentence to life imprisonment.

but it has to be in jail?

[–] TheTechnician27@lemmy.world 40 points 2 weeks ago (1 children)

You can keep the 3 billion and live?

No, as another comment pointed out, that isn't legal. The assets she has from her embezzled money aren't liquid; she doesn't have $12 billion literally sitting in a bank account. These have to be sold off for đồng, and especially if she's forced to quickly sell them off in exchange for her life (somehow another reason why the death penalty is stupid), she'll likely retrieve substantially less than she could otherwise by being able to wait for better opportunities to sell.

[–] gibmiser@lemmy.world 20 points 2 weeks ago

đồng

Teehee

[–] HopesBeyondTheSky@lemmy.world 20 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

She still deserves to be in jail. $12 billion is no small amount, and if she can pay back that $9 billion, or even if she can pay back the entire amount, she still had committed a serious crime and deserves to go to jail.

And don’t even think about her keeping that $3 billion. That’s illegal money that she still needs to pay back.

[–] Skullgrid@lemmy.world 1 points 2 weeks ago (1 children)

ok, so why not just have that be the condition for the removal of the death penalty?

[–] Mouselemming@sh.itjust.works 11 points 2 weeks ago

Perhaps it's a realization that under the circumstances of a forced sale, she couldn't possibly repay the total. In which case, with death inevitable, could she leave it to a loved one instead? Probably it could be seized but there'd be a legal tangle which repayment would avoid? Just speculation.