World News@lemmy.worldEnglish · 9 days ago

Real estate tycoon must pay $9 billion to avoid execution in Vietnam

www.nbcnews.com

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Real estate tycoon must pay $9 billion to avoid execution in Vietnam

www.nbcnews.com

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World News@lemmy.worldEnglish · 9 days ago

175

Truong My Lan’s death sentence could reportedly be commuted to life in prison if she repays three-quarters of the $12 billion she was convicted of embezzling.

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.

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9 days ago
You didn’t hear it from me, but I heard that billionaire skipped the fare on the subway…
- AngryCommieKender@lemmy.world
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  8 days ago
  Shit, that’s peanuts. Every single billionaire worldwide wakes up every single day, and actively chooses to murder people. I’m not being hyperbolic.

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