Vietnamese tycoon loses death row appeal over world’s biggest bank fraud | BBC News

Vietnamese property tycoon Truong My Lan has lost her appeal against her death sentence for masterminding the world’s biggest bank fraud.

The 68-year-old is now in a race for her life because the law in Vietnam states that if she can pay back 75% of what she took, her sentence will be commuted to life imprisonment.

In April a trial found she had secretly controlled Saigon Commercial Bank and taken out loans and cash over more than 10 years through a web of shell companies, amounting to a total of $44bn (£34.5bn).

Of that prosecutors say $27bn was misappropriated, and $12bn was judged to have been embezzled, the most serious financial crime for which she was sentenced to death.

#Vietnam #BBCNews

[devilssonify]

I'm impressed by Vietnam's legal system. In the U.S., nobody went to jail for the 2008 financial crisis.

[NowisEvollovetion]

And yet, here in England even after the global financial collapse back in 2008 not a single bankster went to prison? But, they did get bailed out with tax payers money.

[globalismisthefourthreich]

If they had this law in the UK, we'd lose 95% of parliament overnight.

[maxthemagition]

If she was in the UK she would have got off scot free.
This is why Britain is called "Treasure Island"

[Popularclips]

Greed has no limits, I doubt she can even spend all that money in 10 lifetimes.

[peterah]

I'm absolutely dumbstruck how anyone could get that amount illegally.

[guybeingaguy]

In America you just run for public office. You win you go free. You lose you go free.
It’s a brilliant system!

[algie-tw]

In Britain such financial corruption would secure you a title and a place in The House of Lords.

[flemwad]

She did it for 10 years and never left the country with capital punishment? Whoops

[oigioioivn]

This dude talk like Vietnam is doing something bad. If this was happened in the UK, i dont think people will get arrest let alone a proper trial and a death penalty.

[anfrac]

Meanwhile the Panama papers are still a pile of papers and nothing came from them

[Dazzman]

Who else was involved? That's the real question.

[quangtran]

It's not that nobody spotted her crime but everyone who did was also in her pocket and most of them were also in court with her

[Christine-hrin]

And the Disregard for the 5.4 Billion Furlough

[phanhuyduc]

If she can pay back 75% her sentence will be reduced to a Life Sentence ( In VN that's mean 20 year minimum before to be considered in the parole list)

[kevbrown]

Had she grown up in the USA She would be President right now

[HappyHappy-sqij]

Wish we had these kinds of laws in the US

[rogercude]

The MPs Expenses Scandal Springs to Mind🤭

[touriel]

This seems like a 'victimless' crime, but think of the millions of people who had no money for housing or medical bills. To beg for mercy now is too late.

[avarmauk]

If she is able to sell $9 billion worth of assets, that’s the nations assets 😂. No way she can legitimately pay that back.