Posted on 11/26/2024 3:45:10 PM PST by nickcarraway
A Vietnamese property tycoon sentenced to death for multi-billion-dollar fraud begged a court to spare her life on Tuesday (Nov 26), saying she was trying to repay the stolen funds. Property developer Truong My Lan, 68, was convicted earlier this year of embezzling money from Saigon Commercial Bank (SCB) - which prosecutors said she controlled - and condemned to die for fraud totalling US$27 billion in one of the biggest corruption cases in history.
She is appealing against her sentence at a court in Ho Chi Minh City, with the ruling expected in the coming days. In her final remarks before the court, Lan said: "My only thought is on how to repay the debt to the SBV (State Bank of Vietnam) and the people. I don't think about the damage to myself and my family. "I feel pained due to the waste of national resources," Lan said, adding she felt "very embarrassed to be charged with this crime".
"Please reconsider and reduce my sentence," she asked the court. 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. But prosecutors argued on Monday that she had not met the conditions, and emphasised her crime's consequences were "huge and without precedent".
(Excerpt) Read more at channelnewsasia.com ...
This woman has broken the glass ceiling - she is showing women can commit fraud just as big as men.
Get rich or die trying.
IIRC $27 billion is about half the country’s GDP.
The amount of the theft is about 6% of Vietnam’s GDP!!!!
Stupid woman. All she needed to was kick 10% back to President Potato (e) head and she would the Queen of the jungle
Here in liberal Democratville of the moment, corruption is a resume enhancer.
What is the record for a man? All these years the patriarchy has oppressed female criminals, but they can do as good, or better, than a man.
“US$27 billion” of fraud
I’m doubtful any scheme done by one person could be that big.
I think these people think they will never be caught?
It’s impressive, in a way.
In communist countries crimes against the state is as serious as it gets. Murdering someone is just a crime against a person.
What happened to the $27 billion?
New York prosecutors are pleasuring themselves at the thought of using this against President Trump for insufficiently underestimating his property values.
George Soros - “hold muh beer”
Good ole Communist Vietnam does. The legacy of Ho Chi Minh.
What could she possibly do with 27 Billion dollars?
Buy MSNBC?
Ho Chi Minh wouldn’t recognize the place if he came back.
YRII
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