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?
this post was submitted on 11 Apr 2024
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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.
I think people like her deserve to spend the rest of their lives in prison, but no crime, no matter how severe, deserves a death penalty.
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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?
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.
Absolutely.
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.
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
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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.
~50% of the voters*
Trump has more felony charges than Biden has years of age
'Nam wins again.
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Is this what equal opportunity under the law looks like?
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...
You must be from VN to know that thing. That's for real though
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,”
When rich people get affected, people go down
Is this stepping on someone's toes? "If we don't hold rich people accountable, people will think we don't hold rich people accountable".
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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.”
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