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@NightOwl@lemmy.ca to World News@lemmy.ml • 1 year ago

Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case

apnews.com

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Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case

apnews.com

@NightOwl@lemmy.ca to World News@lemmy.ml • 1 year ago
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Real estate tycoon Truong My Lan was sentenced to death by a court in Ho Chi Minh City in the country’s largest financial fraud case ever, state media Vietnam Net said.
  • @Sludgehammer@lemmy.world
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    66•1 year ago

    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.

    Wow, when your fraud starts being measured in “percentage of GDP” you know you got too greedy.

    • @iturnedintoanewt@lemm.ee
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      1 year ago

      According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

      That much cash, even if all of it was in Vietnam’s largest denomination banknotes, would weigh two tonnes.

      From a BBC article

      • @VeganCheesecake@lemmy.blahaj.zone
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        24•1 year ago

        Dang, that’s a lotta dong.

        • SkaveRat
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          5•1 year ago

          She likes dong even more than OPs mom

          • @bradorsomething@ttrpg.network
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            5•1 year ago

            Let’s not be ridiculous, OP’s mom can handle a lot more dong.

        • @padlock4995@lemmy.ml
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          2•1 year ago

          Ha. Thoroughly nose exhaled. 10/10

        • @geekworking@lemmy.world
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          2•1 year ago

          That’s what she said

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