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.

  • Swordgeek@lemmy.ca
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    1 month ago

    I don’t support the death penalty, but I won’t be terribly sad if a criminal billionaire gets executed by their own government.

    • Cornelius_Wangenheim@lemmy.world
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      1 month ago

      I fully support it for the rich and powerful just because prisons can’t reliably hold them. If they’re not put in the ground, they’ll worm their way out of consequences eventually.