Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case
Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case
I think there are certainly crimes that deserve the death penalty (think CP type crimes). Just get those people out of society tbh, but this is just my opinion.
The only problem I have is with 100% certainly. You would have to be certain, or very very close to absolute certainty, that you have the right person who committed the crime.
I don't believe these things happen because of great work or investigations, she must have stepped on someone else's toes or something, that's the only way influential people go down...
There's your answer:
Her actions “not only violate the property management rights of individuals and organizations but also push SCB (Saigon Joint Stock Commercial Bank) into a state of special control; eroding people’s trust in the leadership of the Party and State,”
You must be from VN to know that thing. That's for real though
#victimsOfCommunism UwU
Vietnam continues to win.
Now do Trump
Do both the genocidal candidates actually
Finally some good fucking news!
Now if only we could do this to blackrock execs in burgerland
Doing a multi billion dollar realestate fraud, in a semi-communist "Socialist Oriented Market Economy"....
...yeah the penalty is gonna be on the steep side. Landlords, rent seekers, and fraudsters aren't looked upon nicely anywhere, but particularly so in a country with that relationship to communism.
Landlords aren't generally considered communal minded. Fraud isn't good for the community, it's not done for the collective good.
The immune system of the masses has weeded out the what was going on here, and will deal with it via putting the perpetrator to death. Making sure this outrageous and damaging conduct will not continue or be encouraged.
It's a tough call, and they're making it.
is there a way to approach being a landlord in an ethical and community-minded way?
One landlord may be more or less "ethical and community minded" than another, but being a landlord is 100% about profiting from somebody else's precariousness. The best you can say is, "Don't hate the player, hate the game." I appreciate a landlord who fixes the broken pipes and doesn't totally gouge me... but that always feels like Stockholm Syndrome.
Would being transparent with the renter about the total cost of owning the property, like the mortgage payment, property taxes, insurance, etc., then basing the rent payment off that total cost plus 10% or something be ethical?
I don't see what difference that would make. They still get to set the price, and you can either take it or leave it.
I also recognize that many people don’t want the commitment that comes with purchasing a home.
I suspect that this number is extremely low.
How can the need for those people be met without landlords existing?
Easily with far (far far far) fewer landlords.
It's genuinely ridiculous to paint "rental homes" as some boutique service offered as a choice to home-owners who have money for a house but just don't want the "commitment" (?!?!?!?!?) of not throwing a huge portion of your money away every month. Absurd.
I don't hate small landlords. We all have to betray humanity to avoid being homeless. We work at unscrupulous companies, because what other kind of companies are usually hiring? But we don't have to contort ourselves to the point of breaking every single bone in our bodies to morally justify profiting from the unfair precariousness of people terrified of homelessness.
It's a simple question. Are you taking away a home that could be bought and lived in by another family, for your own financial benefit?
If yes, then i have a French friend I'd like you to meet
Has the death penalty been used for this sort of crime before in Vietnam and has it been effective at deterring others in a measurable way?
Has the death sentence been a deterrent for any crime?
Singapore kills drug dealers which is a bit scary.
No it's a big show for statists to show how strong and dominating they are. It's not about your lowly practical concerns. It doesn't even matter of they kill the right one. As long as blood is spilled. The anger of the masses will be sated for a little while and all will know there is no escape from the violence of the state.
I dunno, try it and find out?
In Vietnam? Not sure. The French seemed to have a lasting benefit from doing this to every landlord they could lay hands on in the late 1700s, though.
I'm usually not fond of the death penalty, but these are the kind of people it should be reserved for.
Meh, could have just as easily seized her assets and prison forever
iirc the death sentence is just being used as a motivation for her to return all the stuff she got from corruption and if she does it'll be downgraded to life in prison
Vietnam, still undefeated
The French beg to differ
France lost to Vietnam though, that's why there's still a Vietnam and not L'Indochine Française or whatever they were gonna call it
I read the article and I know her fraud was extensive but - anyone else feel like the death penalty for fraud is a bit over the top?
12.5 billion in fraud? Nah.
Just seemed to have no logical end point. Like stop, you've got yours, retire from the game or become our clown. Clown gonna die now.
It's not just "fraud." She cost people's livelihood, broke up families, and made people homeless directly through her actions. Even speaking as a marxist, banking isn't all intangible made up stuff. There are real individuals suffering consequences, and most of them aren't just rich people doing rich people things.
Personally, I don't think she should ever be allowed to die until she pays back her debt to society. Death is too easy.
Just about the only thing I agree with for the death penalty. Everything else can be reformed or quarantined. Wealth and power are cancerous. Doesn't matter where they are, they will never stop trying to take over, and total destruction is the only way to ensure they never get loose to wreak havoc on millions of us ever again.
I don't think anyone should suffer the death penalty, but I also think that there must exist some amount of generalized damage that is enough to cause surplus deaths
A death sentence is always excessive.
Fraud should be punished heavily though. Someone or several someones probably already died as a consequence of that money missing in the system. I'm not sure if a long jail sentence would be much better, with her being 67 it's a death sentence either way.
In my opinion they ought to follow the money. It's impossible for these amounts to just disappear or to have been used by her. It would make sense to keep her alive if there's any chance of recovering more of that lost money. But maybe that's the point.
Absolutely.
This is the best summary I could come up with:
The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.
Lan and her family established the Van Thing Phat company in 1992 after Vietnam shed its state-run economy in favor of a more market-oriented approach that was open to foreigners.
She had started out helping her mother, a Chinese businesswoman, to sell cosmetics in Ho Chi Minh City’s oldest market, according to state media Tien Phong.
Van Thinh Phat would grow to become one of Vietnam’s richest real estate firms, with projects including luxury residential buildings, offices, hotels and shopping centers.
She indirectly owned more than 90% of the bank — a charge she denied — and approved thousands of loans to “ghost companies,” according to government documents.
In November, Communist Party General Secretary Nguyen Phu Trong, Vietnam’s top politician, said that the anti-corruption fight would “continue for the long term.”
The original article contains 621 words, the summary contains 159 words. Saved 74%. I'm a bot and I'm open source!
Great for them! Happy for you Vietnam 🙂
They do love their state murders in Asia
1 down, 2780 to go.
Let's keep the kill streak going!
Is this what equal opportunity under the law looks like?
Meanwhile in the usa... Our very own real estate fraudster with 91 felony charges is the pick of 50% of the country to be president.
That was bizarre to type. I can't believe this is reality.
You didn’t even mention the raping
We're taking about the rich, it's implied
Trump has more felony charges than Biden has years of age
'Nam wins again.
50% of the voters
Or the fact the other real estate fraudsters who admitted dont convict Trump of the crime we are also doing!
I can't say nothing will happen to them as I thought, nothing would happen to Trump and here we are.
I also have a biy more respect for giving someone enough rope to hang themselves. If Trump would of been stopped before his presidency, due to all of the reason any previous candidate would of been disqualified. We wouldn't be here either.
I keep reading and rereading this "sentence" and I've come up empty. Can you clarify?