Truong My Lan’s death sentence could reportedly be commuted to life in prison if she repays three-quarters of the $12 billion she was convicted of embezzling.

Summary

Vietnam’s High People’s Court upheld the death sentence for real estate tycoon Truong My Lan, convicted of embezzlement and bribery in a record $12 billion fraud case.

Lan can avoid execution by returning $9 billion (three-quarters of the stolen funds), potentially reducing her sentence to life imprisonment.

Her crimes caused widespread economic harm, including a bank run and $24 billion in government intervention to stabilize the financial system.

Lan has admitted guilt but prosecutors deemed her actions unprecedentedly damaging. She retains limited legal recourse through retrial procedures.

  • C126@sh.itjust.worksEnglish
    22·
    11 hours ago

    If they’re willing to not kill this person, then don’t, she’s no use to anyone dead. Confiscate everything she has, and garnish all her future earnings. How can she pay her debt if they kill her?

    • Phoenicianpirate@lemm.eeEnglish
      111·
      10 hours ago

      To send a message that you do not fuck with millions of people.

      The death penalty as deterence doesn’t work if your intended group are impoverished, desperate people, but I am confident that it will work if it is the super rich. Historically only the poor where executed for stealing stuff, the wealthy had safeguards for their modes of theft. This needs to be fully reversed.

      • C126@sh.itjust.worksEnglish
        24·
        10 hours ago

        It doesn’t act as a deterant. Many studies back this up. Your confidance is mispleced and simply reflects your violent personality.

        • Phoenicianpirate@lemm.eeEnglish
          11·
          5 hours ago

          For wealthy people who are deliberately and calculatedly doing their shit I guarantee you it will be.

          Edit: the studies that you are referring to aren’t referring to that type of perp.

        • JohnEdwa@sopuli.xyzEnglish
          41·
          9 hours ago

          It doesn’t act as a deterrent due to the crimes it’s used as a punishment for - no punishment stops a mentally Ill serial killer, someone in mindless rage acting on impulse, or someone who is certain they will never get caught. The studies all agree with that.

          But if you would get sentences to life in prison or death from a parking violation or not paying your taxes, there would be zero people doing them as both are conscious actions, and definitely not worth the risk.

          • C126@sh.itjust.worksEnglish
            1·
            46 minutes ago

            Justice is supposed to make the victims whole. Calling for execution for financial crimes helps no one and gives the ruling class, the state or government, more precedent to do it to others.