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.
Can we do this in Canada?? I know of a few deserving candidates
Because the death penalty is obviously only applied to those most deserving it and not to those with the smallest defence budget and the least public support
I think they meant that the US has a lot of billionaires deserving of the guillotine
Nice to see some good news for once
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?
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.
ok, so why not just have that be the condition for the removal of the death penalty?
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.
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.
Cries in American
All we gotta do is sentence a handful of billionaires to death and watch the behaviour change when they realize they’re not insulated from consequence anymore.
Yeah but what they are going to do is make sure they get those protections back. They aren’t going to get better.
Then sentence more of them as necessary. Im all for sweeping changes but we’re not getting them. Convincing America to kill someone seems way more likely to me.
You didn’t hear it from me, but I heard that billionaire skipped the fare on the subway…
Imagine all the outrage from red state conservatives if we attempted this.
It’s not like any of us want life to be made so difficult when we’re billionaires either
There wouldn’t be any outrage outside of 100s of the wealthy donors. Liberals would completely be more outraged because of norms and civility. The entire point of “drain the swamp” was that most people hate oligarchs, the point of Republicans is to redirect this off into racist and unproductive channels, where nothing ever comes of this hate for corporate and wealthy overlords.
In most, if not all, of the world billionaires can just murder whomever they can’t buy.
Hold them accountable for all the preventable deaths resulting from them screwing around with the economy. 2008 would have seen a ton of them going to prison for the rest of their life.
