Anyone worth more than a billion dollars is guilty.
this post was submitted on 11 Apr 2024
460 points (98.5% liked)
World News
38846 readers
1876 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
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/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 1 year ago
MODERATORS
Some are more guilty than others, and she's definitely near the top of the list.
Still, curious to see what a Socialist country like Vietnam does when its prosecutors catch a person like Truong My Lan red handed. Its such a far cry from what American prosecutors did with offending bank managers after the 2008 Financial Collapse or the UK prosecutors who investigated the Wirecard scandal or the SEC/FCC responded to countless instances in which Elon Musk got caught manipulating stock prices.
Goes to show you what happens when your country has a tyrannical government and its billionaires don't enjoy any freedoms.
This is a very rare situation that almost never happens.
in socialism rich people have way less influence to snake out of consequences. good on them.
Political power projection and the manuevering to hide corruption is the 'rich' equivalent in highly socialist systems. Smart adaptive people are not necessarily moral or ethical people, so regardless of economic system or government types, you will always have the worry of unscrupulous opportunists.
load more comments
(3 replies)
load more comments
(14 replies)
Normally I'd say that if you empower the state to execute a certain class of person you can look forward to the state changing that definition so that inconvenient people who did nothing wrong meet it, but I'm unlikely to be mistaken for someone who has committed 10s of billions of dollars in fraud and I can't help but feel like maybe if just one robber baron is held responsible for the enormous suffering they cause in pursuit of an amount of wealth so vast that it can never be spent and essentially only functions as a high score then the rest will realize that there is the sharp, distinct possibility that they can be held responsible as well.
I am all for billionaires facing consequences for their actions. The death penalty is still deeply immoral though. Locking financial criminals up like for example the American state did with Martin Shkreli or Sam Bankman-Fried though is completely o.K. and should happen more often.
I agree. Truong My Lan could just as well, lose her assets and spend her days repaying her debts to society. You know, on a normal person's wage, trying to make up for billions upon billions. Should be enough time.
Nah fam certain people deserve gilded intestines
Is this a Game of Thrones reference? I am confuse
No it's a reference to an old story of a baron being attacked by peasants and having his gold melted down and poured down his throat.
Pretty sure GoT got that idea from this story
Oh thanks, in that context the Baron story is way cooler.
I agree, but only if they can't bribe their way out. A billion can hire a lot of people.
load more comments
(12 replies)
Eighty-five others were tried with Truong My Lan
All of the defendants were found guilty.
Uh... either the scale of fraud is huge, at the level of a crime syndicate, or they are convicting some innocent people. Usually the government overcharges people to encourage confessions, leading to some people being found innocent.
Do we really think the Vietnamese prosecutors are the best in the world? Maybe the jury really hated these people.
The Vietnamese government is highly corrupt, the billionaire could probably pay them off.
I read in a separate article that basically that's how she got to where she is. A bunch of people that took bribes over the years are also going to jail. This is supposedly the Vietnamese government trying to fight that corruption. !remindme 5years to see how it works out...
load more comments
(1 replies)
Vietnamese law prohibits any individual from holding more than 5% of the shares in any bank. But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% of Saigon Commercial.
They accused her of using that power to appoint her own people as managers, and then ordering them to approve hundreds of loans to the network of shell companies she controlled.
The amounts taken out are staggering. Her loans made up 93% of all the bank's lending.
The scale of fraud was huge.
She was a nobody in the 80s. The Mafia wishes they were this successful.
This is only possible with a corrupt system enabling behavior like this. I can see why Prime Ministers were caught up in this.
She can appeal still, and they are doing it as an incentive for her to return 27b. I imagine she will attempt to return a large portion, appeal and then just be given life in prison.