458
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Apr 2024
458 points (98.5% liked)
World News
38977 readers
2966 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.
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.
-
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 !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
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
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.
It appears to be a method the courts are employing to encourage her to surrender overseas assets.
In this particular situation, that $27bn is over 5% of Vietnam's GDP. This is a very significant hit to the nation's financial stability and one that will likely result in substantial number of excess deaths entirely due to increased poverty. I can see the threat of execution as a method to compel repayment as necessary.
In a better world, foreign banks complicit in Truong's 11 year long theft would cooperate to return the stolen money, thereby making this threat unnecessary. But so long as foreign financial institutions can hold a nation's wealth hostage, all the Vietnamese state leadership can manage is to respond in kind.
5% of GDP is just absolutely insane
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?
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
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).
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.
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.
as someone opposed to prison-culture, I would suggest instead forcing them to contribute to society meaningfully through acts of service while losing privileges such as running businesses, sitting on boards, and reducing their ill-gotten gains to something akin to the average income and redistributing their stolen wealth to benefit communities.
Them sitting in a cube doesn't help society, but if they were forced to solve homelessness or else face The Cube, that would be better.
So you are telling me that we should give them housing, a stable and guaranteed job and a secure income in line with the nation average? Man, I might start thinking about stealing millions, worst it can happen, I'm better off than now. /s
are you sure? the average is sub-40k.
40k a year is very much a different amount in various parts of the world, and even of the US. Regardless, if accommodation is already taken care of, it's not a bad amount in lots of places (just maybe not NYC or SF)
I agree, but only if they can't bribe their way out. A billion can hire a lot of people.
Not with their hands, feet and jaws torn off they can't.
They were arrested for ripping off people who were already rich. Nobody cares if a billion poors get ripped off.
I say turn them over to the Mechanicum and have yourself a new servitor loyal to the empirium.
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.