Vietnam sentenced real estate tycoon to death on fraud charges...

[Hung_Low]

a 68yr old business woman, Truong My Lan (not Viet but Chinese ancestry) - real estate tycoon, has been charged with corruption and is sentenced to death. She was convicted of fraudulently siphoning $12 billion from Saigon Joint Stock Commercial Bank (SCB) into shell companies. She had seized control of 91.5 percent of SCB’s shares, allegedly using co-conspirators as proxies to circumvent strict laws against such extensive power over financial institutions. Her alleged taking amounts to approx. 3% of Vietnam's 2022 GDP. Her husband was sentenced to 9yrs for his involvement... Her niece, Truong Hue Van, the chief executive of Van Thinh Phat (the real estate company), was sentenced to 17 years in prison for aiding her aunt.

I bet she'll get max 10yrs on house arrest and parole in 3yrs for good behavior in the US.

[Cali Guy]

She knows Vietnam doesn’t play around yet continues, oh well.