Vietnam seeks death for tycoon in $12bn fraud case

3 years ago by RandAlThor to c/world

HANOI - Vietnamese prosecutors called on Tuesday for the death penalty to be handed to Truong My Lan, the mastermind of the Southeast Asian nation's largest financial fraud on record, state media said.
TropicalDingdong 98 points 3 years ago

We seem to like to draw a line between crimes where the damages caused are visible from those where the damages caused are less visible, but its undoubtable that the crimes of the wealthy, so called white collar crimes, cause just as real material pain and suffering and societal damage.

If anything, the consequences of a crime should be scaled by your wealth and privileged in a society, because you really have no excuse for not following the law. Earn above a million dollars a year? Well a parking ticket costs you 10s of thousands of dollars? Earn above a billion a year and park outside the lines? Gallows.

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fustigation769curtain 26 points 3 years ago

Earn above a billion a year and park outside the lines? Gallows.

Making these people members of the working class is a fate worse than death.

I think we should just do that.

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leftzero 5 points 3 years ago

Sure, but at least tar and feather them first.

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girlfreddy 3 points 3 years ago

Instead of tar, use glue. Then yes.

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girlfreddy 4 points 3 years ago

If proven beyond a doubt, I agree. But the communist leadership has been fairly lax on enforcement ... until now that is. One has to wonder why all of a sudden they've decided to do something?

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girlfreddy 57 points 3 years ago

I feel like this is an important thing.

Top global firms, such as Ernst & Young and KPMG, did not flag concerns about the bank in their audits, public documents show.

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BugKilla 8 points 3 years ago

The board, CEOs and senior executives of these leeches need to be standing in line holding their wicker baskets.

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az04 43 points 3 years ago

The state shouldn't be in the business of killing people.

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gmtom 35 points 3 years ago

While true, billionaires shouldn't be in the business of existing.

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Hooverx 28 points 3 years ago

$12 billion dollars is the equivalent of the 1.3 million years of work in vietnam. that's the livelihoods of more than 34000 people, stolen to profit one person.

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nutsack 4 points 3 years ago

The Vietnamese government does things like this on a cyclical basis. Every rich person here and everyone in government is corrupt as fuck. The president resigned a few hours ago over corruption. The president before him resigned just over a year ago over corruption. They're all stealing money. New government comes in and puts the old government in jail for corruption. A newer government comes in and puts that government in jail for corruption. Death sentences for people in top positions and bankers and whoever else. But they're all corrupt. Everyone above middle class here is corrupt.

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blackn1ght 4 points 3 years ago

Killing them won't change that.

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Hooverx 2 points 3 years ago

seizing their assets will

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Plopp 16 points 3 years ago

Completely agree. Except for billionaires. Kill them all and do something useful for society with their money.

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blackn1ght 4 points 3 years ago

Man people on this site are so bloodthirsty. Why not just seize their assets and liquidate them?

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Asafum 5 points 3 years ago

I honestly think there is comfort in the idea that it will literally never happen so it's easier for them to throw around "guillotine" in place of "I'm mad and I hate these people."

They'll still argue that they mean it but they will literally never do it.

Never.

Again for those in the back, you people will never break out the guillotines, it's all talk.

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Someonelol 3 points 3 years ago

The damage billionaires can do by leveraging their money is so immense it could financially ruin many people's lives. How many end up homeless or kill themselves out of despair? Their one life isn't enough to balance the scales but it'll send a very clear message to white collar criminals once one is executed: the damage you do is tantamount to first degree murder and will be punished as such.

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Schnabeltierpoet 3 points 3 years ago

Why not just seize their assets and liquidate them?

YES, YES! Seize their assets and liquidate the billionaires!

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fustigation769curtain -43 points 3 years ago

Not for fraud, no.

It's okay to execute child rapists, though.

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drislands 51 points 3 years ago

Not even then. There are countless examples of corrupt prosecutors pushing through convictions because they want a win, even when it was clear the accused was innocent.

Without an absolutely perfect system of justice, I'm not willing to trust the state with executions in any circumstances.

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fustigation769curtain -21 points 3 years ago

There are countless examples of corrupt prosecutors pushing through convictions because they want a win, even when it was clear the accused was innocent.

Can you share any?

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funkless_eck 34 points 3 years ago path: 0 8596093 8599479 8599699 8600186 8600965, hotness: undefined, score: 34, children: 10
TheFonz 14 points 3 years ago

Were you born yesterday...?

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Witchfire 19 points 3 years ago

Florida is trying to pass a law like this while also trying to pass a law that brands trans people as sex offenders

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captainlezbian 18 points 3 years ago

If you give the state a reason they’re allowed to kill people they’ll find a reason to argue that the people they don’t like fit that reason

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John_McMurray 2 points 3 years ago

Yeah at a certain point (late 30s in my case) you start to doubt all these people, who knew the authorities were mad at them, had had warrants executed previously, had child porn on their computer. It's like the "sprinkle crack on him" for politics

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Fidel_Cashflow 27 points 3 years ago

Finally, some good news!

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danh2os 26 points 3 years ago

That's a lot of dong.

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Thassodar 8 points 3 years ago

Over 9000 dong, 4% of their GDP.

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jwt 5 points 3 years ago

You really shouldn't call their P gross.

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Thassodar 1 point 3 years ago

I'm just talking about how this amounts to over 4.20% of their GDP, man.

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RVGamer06 1 point 3 years ago
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Linkerbaan 24 points 3 years ago

The guillotine you say?

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psycho_driver 20 points 3 years ago

I'm ok with this.

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ahornsirup 75 points 3 years ago

I'm not. Imprison her for life, but the death penalty is never acceptable as long as there's even the slightest chance of a false conviction. As long as "the system" can get it wrong, it should not be allowed to carry out irreversible punishments.

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BleatingZombie 38 points 3 years ago

I get what you're saying and I can't say I disagree, but conversely:

Eat the rich

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leftzero 4 points 3 years ago path: 0 8591549 8592290 8593203 8602144, hotness: undefined, score: 4, children: 1
John_McMurray 0 points 3 years ago

Just don't eat their brain or spine

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Wrench 16 points 3 years ago

As they say, there are no moral ethical billionaires. In order to enrich themselves so much over their peers, they have necessarily trampled over them.

I do agree that giving a government the official power to just execute whoever they want (it would be trivial to manufacture a case like this in Vietnam) is a very bad precedent to set.

But, I mean, Vietnam is an authoritarian government, so this shouldn't surprise anyone.

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Hooverx 1 point 3 years ago

communist country executes bourgeois, capitalists horrified

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John_McMurray -2 points 3 years ago

Innocent people dying of old age in prison is also irreversible and way fucking crueler.

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ahornsirup 9 points 3 years ago

You're not wrong, but at least there's a chance that they'll be released, and with therapy they might even have a normal life again some day. If you kill someone, they're dead. Nothing you can do about it beyond maybe putting an "Oops, our bad, sorry about that" plaque on their headstone.

I will also say that prisons should not be cruel. The role of prisons should be rehabilitation, protection of society from those who can't be rehabilitated, and lastly (and for once actually least importantly) punishment.

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John_McMurray -3 points 3 years ago

The rehabilitation line is a lie people tell themselves to feel better about being ok with extreme cruelty

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GnomeKat 4 points 3 years ago

i mean... abolish prisons too? Yes... I think yess :)

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Cosmicomical 1 point 3 years ago

Yes but why just when the fate of billionaires is on the line?

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gmtom 15 points 3 years ago

Very rare Vietnamese W

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lledrtx 13 points 3 years ago

WDYM? Common Vietnamese W

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DragonTypeWyvern 6 points 3 years ago

They're not exactly known for human rights support.

On the other hand, they actually stopped a genocide in living memory, which is more than you can say for most nations.

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ABCDE 9 points 3 years ago

The whole country is corrupt, it's just so open and brazen. No one would be left alive if they did this to anyone guilty.

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aniki 1 point 3 years ago

Seriously. Traveling to Vietnam was eye-opening. We did nothing good to that country and then they did nothing to help themselves afterwards, probably because of all the good ol' American Corruption that came after we firebombed it back to the stone age.

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appel 17 points 3 years ago

Wtf are you on about? I've been to Vietnam several times and the progress they have achieved in such a short period of time is incredible. They have built megacities on the ground where the yanks firebombed. Have you been to Da Nang? Walked around HCMC? Spoken to the people? They are evidently working against the corruption, as we can see in this article, whereas where I live everyone knows the govt sends cash to their buddies and no one can do anything about it? (The UK)

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ABCDE -1 points 3 years ago

They are evidently working against the corruption

Lol no they aren't, they are all making bank by fucking those below them over. I've lived there for years, it's endemic and sickening; people are left stranded to die because they divert money and aid to their own pockets rather than to the people. Corruption is head to toe in government agencies and banks.

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aniki -9 points 3 years ago

Sounds like they have made a lot of progress despite being a corrupt shithole.

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appel 8 points 3 years ago

Frankly man I find this very insulting and pretty racist. You don't have a good word to say about them eh?

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pineapplelover 7 points 3 years ago

Yeah, corruption there is rampant. Very capitalist and authoritarian also

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reverendsteveii 2 points 3 years ago

Giving the state the power to kill a certain class of people is a great way to get the state to reclassify anyone inconvenient as a member of that class so they can be murdered legally. With that being said, I'm unlikely to get Vietnam to eliminate the death penalty entirely or be mistaken for a corrupt billionaire so maybe this will remind the other billionaires that they're made of soft, fragile meat just like the rest of us.

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Burn_The_Right 0 points 3 years ago

According to the article, she siphoned off a lot of dong.

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