this post was submitted on 11 Apr 2024
460 points (98.5% liked)

World News

39041 readers
2587 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 7 months ago (3 children)

Disclaimer: didn’t read the article yet.

But surely someone can’t commit such a huge fraud alone. Nobody at Saigon Commercial Bank is involved or culpable for loaning that amount to a fraudster?

[–] [email protected] 3 points 7 months ago

Yes the case involves over 2700 witnesses. The law in Vietnam forbid her from owning more than 5% of the bank shares. Through shell companies and other people, she owned about 90% of the bank. She then hired her own people as managers, and got them to approve loans for the shell companies she had. About 93% of the loans this bank approved were for her/her shell companies. She also had her driver withdraw the equivalent of $4billion usd, which she kept in her house (it weighed 2 tons).

[–] [email protected] -1 points 7 months ago

But surely someone can’t commit such a huge fraud alone.

Right. I'm less upset by a single individual facing execution than I am not seeing a dozen other crooks lined up on the docket.

[–] [email protected] 4 points 7 months ago

I mean, when you stop and think about it, you'll realize that it's probably all a giant mafia, and she crossed the wrong people the wrong way. There's no way on earth that someone can disappear 10% of a country's GDP without anyone knowing.

There's certainly corruption all the way to the top. Everything is controlled by one party, including the banks. Everyone knew for certain