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TexasTowelie

(117,527 posts)
Thu Apr 11, 2024, 04:14 PM Apr 2024

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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Vietnamese billionaire sentenced to death for $44bn fraud - BBC News (Original Post) TexasTowelie Apr 2024 OP
Perhaps the US should take a lesson pfitz59 Apr 2024 #1

pfitz59

(10,986 posts)
1. Perhaps the US should take a lesson
Thu Apr 11, 2024, 04:21 PM
Apr 2024

Not actual death, but financial death. Letting the billionaires bleed us dry is a capital crime.

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