How did billionaire Truong My Lan steal 3% of Vietnam's 2022 GDP? | DW News
Property tycoon Truong My Lan has been sentenced to death in Vietnam's biggest ever financial fraud case.
Truong My Lan was one of 85 people on trial for embezzling $12.5 billion. The death sentence is seen as unusually severe. Lan's arrest last year was part of an anti-corruption drive that has engulfed the top levels of Vietnamese politics.
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00:00
00:27 Professor Tuong Vu, Director of US-Vietnam Research Center Oregon
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#Vietnam #Corruption #truongmylan
Пікірлер: 2 400
She didn’t get caught. She getting sacrificed.
You don't do this BS alone...
@filonin2
Ай бұрын
Yeah, we know. They said she's being prosecuted with 84 other people @ 0:06.
@politisk_prins
Ай бұрын
Can’t they slide me a couple bill😢
@MrDosonhai
Ай бұрын
@@filonin2 All those 84 are just goons. We're talking high-ranking officials, including the top four here. She's their scapegoat.
@lemonhaze1506
Ай бұрын
@@MrDosonhai High-ranking officials included in the 84 people
@itsnotif.itswhen
Ай бұрын
@@lemonhaze1506theyre not that high rank. We’re talking about prime minister level
She didn't act alone. She promised some people money to help her steal and they would get a cut and when she got greedy, they testified against her
@stevelee6283
26 күн бұрын
She just "front line" collector for "big bosses" behind. This is the Northern VC gang attacks Southern VC gang to take control Saigon wealthy and economics territorials.
@Bikemom277
25 күн бұрын
And the money she stole, the people definitely won’t get it totally. She is just a scapegoat…
@s4lino
25 күн бұрын
@@Bikemom277 she didn't seem very scared almost like Trump taking a snooze...must just be a scare/negotiation tactic considering the connections she has...probably just end up with some plea deal and no worry all is happy whilst all those average Viet people wonder why they are working so hard....
@icemann4699
24 күн бұрын
If one has near total control of a financial business entity, it's not so hard to defraud and funnel vast amounts of money. Bernie Madoff who runs his investment securities firm defrauded investors for $18B and created a Ponzi scheme worth $65B! Of course, Madoff didn't do it all by himself. He (and family members) and several of his colleagues were involved and were later convicted.
@user-ek2eb5md8g
23 күн бұрын
Thats how it goes
There are 86 people who have been imprisoned, one death penalty and three life sentence, many are sentenced between 3 to 20 years. This guy knows very superficially.
@dictatoribenevolo8394
23 күн бұрын
this guy can barely string 3 words in a row into a coherent sentence
@Vv0nG3r92
21 күн бұрын
Yeah either he isn't knowledgeable enough or his English is bad and shouldn't be giving an interview in english
@FredPlanatia
20 күн бұрын
i could understand him just fine. He wasn't asked about what you mention. He answered the questions posed to him.
@stupidcupid212121
3 күн бұрын
@@dictatoribenevolo8394 Try explaining politics in your second language and let's see how well you can string a sentence together
So, government is also guilty.
@MrJohannespham
Ай бұрын
In a country where the communist party even higher is than laws. Your guess could be correct
@ktp20101
Ай бұрын
You got it right. But she only got caught up because her biggest supporters retired, others who replaced that guy might be wasn't too happy with her.
@WhyWorldWet
Ай бұрын
This is why people don’t have faith in governments anymore. So much corruption.
@AnthonyTolhurst-dw1nc
Ай бұрын
Facilitators. She gets punished.
@notorioustori
Ай бұрын
Government is just a tool. It's the people who use the government for ill-gotten gains that are the issue.
It seems that the government is equally complicit here.
@Andyxxx2006
Ай бұрын
The man they're interview wasn't even living in Vietnam and had no idea what is this case about.... He just doesn't like communism country and talking trash about the government.
@namdangvan3345
28 күн бұрын
@@Andyxxx2006 you say soo true, this video so bad , it make everybody misunderstand
@josephherrmann6304
27 күн бұрын
The government of Vietnam is complicated-everything is complicated whenever you have to use even just one document to do something. What is not complicated is their culture/lifestyle.
@NghiaLe-zd2ff
27 күн бұрын
Then why they arrest her now? For as well being exposed with her?😂
@Tiglath-PileserXIX
26 күн бұрын
Well at least they prosecute their own. Imagine this happening in African countries?
I live in Vietnam and I can confirm this. The more I research the laws for my job, the more of the risk violating it I feel. The laws are so vague that it only allows the tax official to interprete it the way they want and almost impossible to do the norm of my industry without violating the law in some ways. 5:11 "Everyone who does business in Vietnam has to try to evade the laws or violate the law in in some ways because the laws are vague and the laws are are meant to serve the officials and not to serve the business or the people so the laws made to serve the the officials the government so whenever the government want to use the law against you they can use it and so uh so it it's very uh it's almost impossible to do any business in Vietnam without violating the laws."
Wonderful interview without any interruptions. Great job ❤
At 68, she still looks good, she looks calm even with a death sentence, at her age, she got nothing much to lose, she had been rich and powerful for a very long time whilst many poor Vietnamese people are still suffering from poverty.
@TheRonnie34567
Ай бұрын
She just lost the most valuble thing to loose that you cant get back,,,,LIFE
@eliathan69
Ай бұрын
Money is more important than life, she is scary
@Juann-je8gq
Ай бұрын
@@TheRonnie34567yeah. She will be fearful when she’s pulled outta her cell
@trungduong4040
Ай бұрын
And she's the exact reason why thousands of Vietnamese people are now in poverty.
@JohnEastmanExAttyAtLaw
Ай бұрын
that is because she knows she will not get the death sentence. it will be commuted after they get the money back. she may do life though.
She paid off the wrong people it seems .
@CrackHeadHuntersPharmacist
Ай бұрын
Didn't give her 10 percent to the Big Guy.🤷🏻
@MrMarcalc
Ай бұрын
@@CrackHeadHuntersPharmacistnice reference
@luigibru8677
Ай бұрын
Nah... the scam was too big to be kept secret for longer.
@tkp97
Ай бұрын
@@luigibru8677 apparently it has been happening for a decade. so yeahh
@snowlion8352
Ай бұрын
if she had paid the wrong people, would not had even got the loan money to began with. i thik she paid the right people and got the loan money, but the loan amount was too big to hide long enough. she was caught by her greed.
She forgot to kick 10% up to "The Big Guy".
@TrueMAGA
23 күн бұрын
Have you read ...TheArtofTheDeal.🧠💲
How come this sentence was not applied to the corrupt officials in our country 🇵🇭
@Ordell1991
24 күн бұрын
Same here 😐🇮🇩
@elvirasampoli780
23 күн бұрын
Sana all,,my respect to the Vietnamese government ..in our country Philippines thief, corrupt govt officials lived like kings and queens, with out remorse,,😢
@Badget007
23 күн бұрын
@@elvirasampoli780and then one of them manages to be a century old
@a3zth3tikz
22 күн бұрын
because instead of getting convicted of a crime, they get elected into government i mean, one even made it into presidency
@crytallee2452
21 күн бұрын
It’s happyed only in communism country
She's the one that got caught. There's still more of them that's hasn't been caught.
@18booma
Ай бұрын
Every real estate boss is rich off other peoples' money. If Vietnam wants to claim Communism, then they must start governing like it. No more private property! Only personal property and the peoples' property.
@rick-be
Ай бұрын
And won't be,because they are part of the Politburo.
@giangtruong2909
Ай бұрын
Can you tell who it is?
@finalfantasy84
29 күн бұрын
i mean they say it in the video. 84 others have been caught 😅
@TT-dp8qh
29 күн бұрын
You are damn right!
12 million I understand but 12.5 billion? I'm dumbfounded. Vietnam?
@ngandang96
Ай бұрын
Well u can imagine the 80% of ppl's savings in that bank in 10 years went to her shell companies
@jonwick7635
Ай бұрын
Thats nothing compared to endonesia
@jeffcombs2950
Ай бұрын
You should see the estimates on Putin.
@MrDosonhai
Ай бұрын
Socialist/Communist countries are all like that. All top-ranking officials are downright criminals.
@Nguyenthu.artist
Ай бұрын
actually it's 677000 billion VND = more than 27 billion USD, lots of money can't gain back
I am VN lawyer and got LL.M in an New York Law School, the actual reasons are between the lines. The banking and securities laws in Vietnam also contributed to this wrongdoing case. Besides, the competent administrators did knowingly learnt about her frauds (actually not only hers). There are complex issues here but personally the biggest issue here is the legal system and enforcement bodies.
@dangda-ww7de
19 күн бұрын
Even the president of vn got ran out of office after only a year, the guy before him got ran out too, whenever you see a sport car in vietnam majority of those are these money here.
@abanachelsea9884
12 күн бұрын
Are they going to carry out the death sentence or she has a way out by returning back the money ?
@KhoaBuiLawyer
9 күн бұрын
@@abanachelsea9884 Even if she can return back the money in full, the death penalty was decided by the court. In this case, it seems no way for her to appeal the court's decision.
Corruption is a way of life in Vietnam. Trust me, I worked there for two years and paid bribes of my own on occasion.
@addanametocontinue
29 күн бұрын
There's an organization that does rankings on this corruption bribes and yes, Vietnam doesn't rank very good.
@ucNhoc
8 күн бұрын
I'm a vietnamese and i confirm! though it's not that often anymore, middle-income business in here is actually in coherent paperworks and legal! The campaign worked i guess
The Vietnamese government is guilty as well then
@mng1110
Ай бұрын
The CP is actually 😂😂😂
@kaliforniaman
Ай бұрын
💯% correct someone please tell that to @azndragon75 😂
@danielmelendez9943
Ай бұрын
i am sure that due to the vast amount of money stolen, this was a joint effort on her behalf and problably some top officials knew what was going on but they all stay silent. This took years and this is only the money they have accounted, not what she paid for bribes.
@raykane2063
Ай бұрын
Looks like everyone had their eyes shut
@williamwatitwa3534
Ай бұрын
Who is Vietnamese government? [ its the people of Vietnam]
As mentioned in the video, an awful lot of people participated in this corruption case. They should get harsh sentences as well.
@MrDosonhai
Ай бұрын
Many of them are of the top of my country, properly including the ex-prime minister as well. She's their scapegoat.
@fuck_you_china
Ай бұрын
It’s a distraction. Never trust the communist party. It’s a heavily corrupted gov system.
@thomaskortvelyessy
Ай бұрын
Thank you for clarifying that explains a lot
@transistorchip3132
Ай бұрын
At first I thought the sentence was to extreme. But three percent? Yeah valid.
@rizalalejandro1917
Ай бұрын
Definitely a bagwoman. A scapegoat
Thank you DW News and thank you Mr. Tung Vu
There is an old saying that no one goes to prison because of debt...but this news, is surprising, because the sentence for financial crime is immediate death sentence.Unbelievably Ridiculous.
@yalebai487
3 күн бұрын
This isnt a debt issue, this is fraud and bribery lol
if this was going on for 10 years who is auditing the public sector accounts 😬 very sad for ordinary Vietnamese workers.
@winstonsgmx
3 күн бұрын
It's not that they dont know, but the official shielding here was still in office. This case is a 10 years progression of jailing so many officials to get to her.
So why is she the only one going six feet under for this? She might have been at the top but you dont keep that going for so long without a whole lot of people holding it up
@u.synlig
Ай бұрын
The guest explains tge "why" at 4:15: _leverage._ The government wabts to pressure her into handing over specific information. If she complies, her sentence may be commuted to a prison term.
@lancecahill5486
Ай бұрын
They want to silence her.,
@appleish5043
Ай бұрын
@@lancecahill5486lol, they didn’t silence her 😒 the trial is known to everyone, not like in China, no one knows when a trial is going on n what’s in it. And it’s true what the previous commentor said, the government is trying to get her to cough up the money lol: your life or money. Also there are about 80 other ppl are in trial for involving in this case
@9Mountains9
Ай бұрын
She most likely helped her family and a lot of people
@alanmorris1828
Ай бұрын
She pissed SOMEONE off. 😪
I hope the Vietnamese get this all straightened out. They have suffered so much as a country over the years. I think that a big part of getting this resolved is for the government to use total transparency as to what they are doing to fix the situation. The transparency method might lead to the best decisions being made for the country and it's people.
at 5:19... the laws are vague to serve the official, not the business or the people.
Upper middle class in Vietnam is $1,500 a month, this level of corruption can destabilize a nation.
@phanhuyduc2395
29 күн бұрын
lol you need more than 1 million dollar in your bank account to be consider an Upper middle class in Vietnam at the moment
@phucton3835
28 күн бұрын
@@phanhuyduc2395 1 million dollars makes you a millionaire, not middle class .
@phanhuyduc2395
28 күн бұрын
@@phucton3835 yeah you got the problem. Because millionaire is only consider " upper middle class" in Vietnam lol. To be consiider rich in VN now you need to worth 50 million dollar
@ThuNguyen-lw8lr
27 күн бұрын
The salary of the president of VN is 1,200 USD a month.
@MrLekung
27 күн бұрын
@ThuNguyen-lw8lr u sure where did u get this info from ? U know there get unlimited salary its corruption it range from $500.000 to million a month nlthey need to arrest all vietnam gov and put people of vietnam in charge
To summarize what i read from her Wikipedia: She robbed the bank by owning it
@Ck-vs8pc
Ай бұрын
This make sense..
@michaelandrews4783
Ай бұрын
Sounds like every banker
@user-qf7ud5de9h
Ай бұрын
Just imagine if you were related to someone like that?
@JhonderJose1
Ай бұрын
So she was taking out her money from her bank? 🤣
@KhanhPham-ns1od
Ай бұрын
She and her acquaintance together bought more than 90% of the bank's shares, so she almost owned it
I studied Urban Planning in VGU and we always talked about the real estate bubble in VN that is about to explode; now we see the cause...
“ It is almost imposible to do bussiness in Vietnam without violating the law “
NEVER ENOUGH..… no one is poorer then greedy people..
@ayomideakinsiku7892
27 күн бұрын
Saved.
@leprincegut9465
26 күн бұрын
Oh Yessss greedy is synonymous poorest 😂😂😂
@TrinhNguyen-sh4fj
25 күн бұрын
I agree and there is no limit to greed for some people and now they pay the highest price with their lives.
@wadehiggins1114
24 күн бұрын
Than
@ricknico2577
24 күн бұрын
@@wadehiggins1114 thank you for correcting me🙏 English is my third language.
She didn't pay the right person off
@AngelGomez-kz9su
Ай бұрын
she didn't share well in my opinion there are many others there
@jenala3896
Ай бұрын
she has pays them but they turn their back on final time
@phanhuyduc2395
29 күн бұрын
She paid the right person. Unfortunately that person's faction recently defeated in the power struggle inside the Communist Party and she became the official Sacrificial lamb aftermath
Thanks Awesome 👍
Indonesia got many similiar cases like this with varied amount
The Guest didn't answer the question "how did she steal the money", but trying to push his narrative all over the place. She withdrew the regular people's life savings using fraud, proxies. Basically she built her own banks and stole money from the people, depositors, bondholders 42,000 victims and their families impacted, suffered severely.
@GorgieClarissa
Ай бұрын
Ooooh this explains it way better. Didn't realize she built her own banks.
@subrotoxing8214
Ай бұрын
It's not that far-off. because the technicalities is not important here, it's not too sophisticated. People notice their savings gone and businesspeople can't get funds in due time, she stole people's funds. it's not as if her method is very sophisticated people don't notice. there are more sophisticated long running scams that hasn't blown over you'd be dying to know how they pulled it off.. i.e amway. The biggest culprit is indeed as he pointed out how did she get away with fraud in broad daylight. because she got help from above.
@ktp20101
Ай бұрын
@subrotoxing8214 exactly! She wasn't alone in this scam! Many many powerful people were in with her!
@lemonhaze1506
Ай бұрын
@@subrotoxing8214 If you think her network of shell companies and bank transactions emoluments is not sophisticated then idk what to tell you, it's complex financial engineering with a sprinkle of political relationships. Calling this scheme not sophisticated is like calling Enron child's play
@lancecahill5486
Ай бұрын
@@GorgieClarissaI read from other sources that she combined 3 small banks into one big bank, which she had control over 90% of it.
The reason why she is so calm is probably cos she knows she can bribe her way out of the death sentence. The commentator also said she has moved past multiple prior convictions as well.
@yomismo6969
Ай бұрын
She is calm because she has 12.5 billions reason to be spare.
@Teffi_Club
Ай бұрын
She didn't look calm to me. Fidgeting and constantly looking around.
@ExVeritateLibertas
Ай бұрын
Also the footage could be from a prior hearing and not the one where she was sentenced. Definitely I agree she doesn't look like she just got a death sentence.
@Andyxxx2006
Ай бұрын
The man they're interview wasn't even living in Vietnam and had no idea what is this case about.... He just doesn't like communism country and talking trash about the government.
@happymunchkin2812
29 күн бұрын
I don’t think so. She’s calmed because she knows is the end of her life and nothing she can do about it.
That's is the first time I hear someone sentenced to death by fraud. I guess it's only Vietnam?
@collenmaunganidze3531
24 күн бұрын
Why is she the only one getting the death penalty if she didn’t do it alone?
@d_ling28
24 күн бұрын
@@collenmaunganidze3531 she organised the whole thing and knows where all the money's at, a few of the members got life sentences tho mainly because of accepting bribes and corruption that allowed this to happen. Like the man said in the video they're giving her a harsh punishment so that she'll be more inclined to tell them where all the money is hidden
@gosthist
22 күн бұрын
China. N. Corea , Cuba
@tinnguyen4458
8 күн бұрын
@@collenmaunganidze3531 Isn't that enough for you that she is the leader of things?
As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.
business and corruption are the same until you piss someone off.
@prettypuff1
Ай бұрын
Honest facts
@lancecahill5486
Ай бұрын
More precisely, when you piss off the wrong people.
In the West this woman would be considered a titan of finance .
@rangoman1815
25 күн бұрын
Like Joe Biden
@panzerkunsth
25 күн бұрын
in France she would be part of the gouv.
@Watermeloncat237
25 күн бұрын
In india there was guy called Harshad Mehta he frauded millions of dollars from banks but he is called "the big bull of indian stock market"
@panzerkunsth
25 күн бұрын
@@Watermeloncat237 Well in France, there was a french minister who sold a big France company who was strategically very important for the country civil Nuclear industry to an other country against France interests. Not so long ago he would be trial for high treason against the country which is why he is now our current "President" or provincial governor of Europe/USA.
@JesusLovesYou9999
24 күн бұрын
@@panzerkunsth No doubt
Why these news not shown in us media news?
I'm betting she was set up and is a scapegoat for more powerful men
@user-rg7um1yk1h
Ай бұрын
You are very intelligent to see through it.
The anchor is 100% correct - this should be made into a movie. This was a great report especially for people like myself who know nothing of modern day Vietnam.
@stephanieallangarman5598
27 күн бұрын
I’ve watched some amazing Asian Dramas and the women and men can be seriously conniving but this is the real deal. This type of sentencing should happen everywhere. Politicians, Leaders and wickedly ambitious should receive their just due but that’s my opinion. This definitely impacted their economy.
@irina_vhmc
23 күн бұрын
This is not a representation of modern day Vietnam.
She didn’t get much mostly goes to commy secretary, prime minister, president of parliament, minister of the police. Vietnamese peoples call them for the 4 mountains.
Thank you. This is the first broadcast that explains the situation that I could understand.
@mikeanderson7549
28 күн бұрын
You German
People die over 5$ in the ghetto, 12 billion dollars would exterminate more than just your family tree. Heck they'd probably get you in the after life too.
1:48 Unnoticed? Ofc those in position would have known what's happening.
I think one jealous official who wanted payments did not get it, blew the whistle.
Somebody in Hollywood probably already bought the rights to this story, so it’s coming soon to a theater near you!
Thanks Professor.
I want to hear more about how the laws are structured. The part that he touched on when the video ended
I'm from Vietnam, she cheated a huge amount of money, more than 600 trillion Vietnamese dong equivalent to 44 billion dollars, and was eventually sentenced to death, 3 life sentences, and many other convictions....she has a lot of buildings in Vietnam, between several buildings up to several billion dollars and a series of other real estate, she is Vietnamese but originally from Chinese
Imagine if corruption in the USA was treated like this.
@pradeepasivakumar1682
Ай бұрын
India too
@jasonsmith1143
Ай бұрын
99% criminals walk FREE in USA
@ribos2762
Ай бұрын
Treated like this? Killing the scapegoat?
@user-dx8ni9ve8m
Ай бұрын
Hilary Clinton should be in jail for long long long time ago
@jeffdunnell6693
Ай бұрын
Get your head out of the sand,our government is worse,who do you think they got to imitate their government
When the right people didn't get paid
@hypothalapotamus5293
27 күн бұрын
"You can pay off all the right people some of the time and some of the right people all of the time, but not all of the right people all of the time." -Abraham Lincoln In this case, she paid of the right people for a while, but then they stopped being the right people.
We should have that court here too😢
5:44 Hold up, Tuong Vu got more rhymes to spit
3% is *wild*. To put into context, the US's military budget is ~3.5% of our GDP. 😭
@lancecahill5486
Ай бұрын
The level of corruption in our government is probably comparable.
@MusicalMemeology
Ай бұрын
The debt payments on government debt is already more than the military budget.
@schloops8473
Ай бұрын
@@MusicalMemeology yah but the money goes to people born rich so the dem and repub party are fine with that
@thunkjunk
Ай бұрын
Where is the context between Vietnam's economy and the USA's economy?
Why on earth does a person need 12.5 billion? How could you spend it?
@thehumancanary131
Ай бұрын
Couple of nights out with some toyboys....soon goes...😂
@wavemaker2077
Ай бұрын
She didn't pocket all those money. There are probably hundreds of them dividing the loot. She may not even be pocketing the biggest amount of money. She may just be a front of a senior political leader in Vietnam who is the real mastermind.
@KC-hl3mh
Ай бұрын
@wavemaker2077 What about others who are not charged or brought to justice? She can't be solely responsible for this crime.
@9Mountains9
Ай бұрын
Her family and friends are set for life
@wavemaker2077
Ай бұрын
@@KC-hl3mh That's the question. Why is she the only one charged? Surprisingly, the Vietnamese people are not complaining.
How much money do you have to steal before you say enough & ride off into the sunset?! 😂😂😂
There they don't like competitions. Here in US we gave only 5 years.
Closer to 3% of GDP but yeah it’s a lot of money
i am so proud that, she is the only Vietnamese person who shocked the whole world at a diff level.
@tictactoe101
29 күн бұрын
No shame
$1 million makes your life comfortable in the US, $1 billion super duper comfortable. But $12.5 billions?!!!!😮
Wouldn't it be KIND if the recovered money went for helping the poorest Vietnamese with food, clothing, and shelter? Education
In our country she would have become our PM or President in the Parliament
@striker44
Ай бұрын
Srilanka rajapaksha.
@kevinreily2529
21 күн бұрын
Sad, but true.
I like this interviewer. He seems to be always so curious and attentive.
Here in Philippines like her will be honored as hero, corruption her is like superhero. People will still love you 😂😂😂
And nowhere in the video does it actually say "what she did with 12.5B dollars". Come on DW. Are you creating click-bait headline now? Very disappointed in you.
Well explained!!!!
@KeepNatureClean
Ай бұрын
Yes
Both the professor and DW are making a huge mistake, those 12.5 billion dollars isn't 10% of Vietnam's GDP, but rather 3.47% of its GDP, seeing that Vietnam had a forecasted GDP of 433.37 billion dollars in 2023 according to the IMF. Don't get me wrong, 12.5 billion dollars is still A LOT of money, but it still is a far cry from being 10% of a countries total GDP.
@oceanecastelnau9821
Ай бұрын
Thank you for the clarification
@zapfanzapfan
Ай бұрын
So a US equivalent would be stealing a trillion, like the cost of the F-35...
@budgetarms
Ай бұрын
It's 17 times more than in the 1MDB scandal from Malaysia
@mpn984
Ай бұрын
I believe there were some sources that mention she managed to steal 44B over 11 years but they could only get her for 12.5B….so probably some clarification needed, but in that case that would make sense as to the 10% but the amount she was charged for would put it at 3%
@zapfanzapfan
Ай бұрын
The US equivalent would be a trillion. Like the budget for the F35...
$12.5 billion would buy a lot of bánh mì.
@ThuNguyen-lw8lr
27 күн бұрын
A buck per banh mi. VN can certainly serve food for the world within a day.
@thelou7742
5 күн бұрын
Pho dat!😂😂😂
It's the people in the government that didn't get paid off that wanting Truong My Lan Death but they will turn Vietnam into another Cuba,cause they are so smart and righteous...yours very truly Alfonso Cantu USMC
Excellent
Can you imagine you get a face lift.. and one week later you're in jail?
Can confirm. I have a business in Vietnam. It is close to impossible to not break the law. The tax system is a nightmare!!
The total amount of fraud amounted to 44 billion USD, equal to the total GDP of neighboring countries Laos and Cambodia combined. (2023) and about 10% of Vietnam's GDP (Vietnam's GDP in 2023 is 440 billion USD)
@nguyenn99527
27 күн бұрын
I don’t think anyone asked and please don’t compare your country’s GDP to other countries because it’s childish
I wonder why she didn't do what Jho Low did, run away, hide, and live in luxury.
@VanceHelw
Ай бұрын
She was caught trying to flee the country, in disguise, to look like a low-middle class citizen.
@kimhuong1583
Ай бұрын
she tried but failed.
@LittleMew133
Ай бұрын
I think Vietnam has international laws pact with US, Canada, Australia, etc? So she gotta go somewhere real out of the way.
@DanhNguyen-1905
Ай бұрын
Once you have a lot of money, you always want to be the richest person in the country
@josepanicucci8591
28 күн бұрын
@@DanhNguyen-1905 She should have considered immigrating to the Philippines In the Philippines death penalty was abolished & no corrupt billionaires in PH jails
In the meantime, the Big Guy enjoys his 10% without any problems.
@kaliforniaman
Ай бұрын
OBIDEN?!?…is that you 😂🤣
If you loan too much, it's bank problem. If you own that bank, it's government and official problem.
SHE IS NOT ALONE, people in powerful positions allowed her to do this.
@abcdefkkk123aa
28 күн бұрын
Bị bắt 4 án chung thân và 180 năm tù cho 76 người khác. Hãy tìm hiểu đừng suy đoán tào lao
@nguyenn99527
27 күн бұрын
that’s why the president resigned because bribery was a problem
I hope it's televized.
With that much money stolen she could have done a much better facial reconstruction.
@lancecahill5486
Ай бұрын
Unfortunately, plastic surgery has a limit.
@JackLuong
Ай бұрын
being 68 she looks pretty good for her age
@josepanicucci8591
28 күн бұрын
@@lancecahill5486 Plastic surgery doctors will not tell us that there are anti ageing creams & supplements that can reduce wrinkles
@josepanicucci8591
28 күн бұрын
@@lancecahill5486 Plastic surgery doctors will not tell us that there are anti ageing creams & supplements that reduce wrinkles
@Adolfo_Padilla
26 күн бұрын
That thing will never happen in the Philippines u can steal money by the billions or trillions and you'll never be sentenced with death penalty bcoz the Philippines has no death penalty law
Unfortunately she's in Vietnam In the Philippines death penalty was abolished & no corrupt billionaires in PH jails
@wavemaker2077
Ай бұрын
Well, the billionaire tycoons didn't steal the government money. They have their own businesses. They can be accused of tax evasion but not stealing the government's money. This Vietnamese lady stole the money of the government.
@saka6240
Ай бұрын
@@wavemaker2077 also in Indonesia no detah penalty for corruptors, but only for significant drug dealers
@josepanicucci8591
Ай бұрын
@@wavemaker2077 Well, no corrupt billionaire politicians in PH ? No stealing of the governments money in PH ?
@josepanicucci8591
Ай бұрын
@@wavemaker2077 So no rich billionaire politicians in PH who stole gov. money? Amazing !!!
@wavemaker2077
Ай бұрын
@@josepanicucci8591 You said tycoons. Can you name the tycoons in the Philippines?
and what about the others?
She seems not too worried. She still believes she can get away with this.
Since 1971, $50 trillion moved from the 99% to the 1% in the USA.
Must've had some epic parties
Most 3rd world countries have it this bad. It's great Vietnam are doing something about it this time, but as Chung Vu said, the laws are meant to serve those in power, not the people. Are the laws going to be changed or are other officials just going to fill that void she's left behind?
So why don't they sentenced those who helped her or who she bribed?
The love for money is the root of all evil , no matter what language or country that person is.
@anniehuynh362
28 күн бұрын
Love this statement from the Bible. Thanks for repeating it.
@havenht
26 күн бұрын
not money, but greed is the root. if you go even deeper, it may just be mental illness is the root.
@TrinhNguyen-sh4fj
25 күн бұрын
@@havenhtYup it is the greed for the money.
I see Netflix doing a series about this.😂
Janet Napoles of the Phils. The difference is she is out in the open and no govt official was persecuted nor charged
I can’t believe this guy is a scientist/ professor from a university
@gocnhinvutru
Ай бұрын
Agree 😢
@havenht
26 күн бұрын
the stuffs he said is not wrong. his communicating skill is a joke tho
“How do you steal 10% of a country’s GDP and nobody noticed?” 😂
@DuyPham-xd8lp
Ай бұрын
Have you heard of bernard maddoff? Lol Plenty of ways to steal from the common man
@kaliforniaman
Ай бұрын
Because they were all in on it…inside job and now blaming her to set by example 😮
@acendagrowth
Ай бұрын
Lots of people noticed, it's just that they were paid to 'not notice'
@amoretpax199
Ай бұрын
They notice but it's just North communist faction vs. South communist faction at this point...
@LittleMew133
Ай бұрын
@@amoretpax199 Been like that for a whiiillleeee. Any new updates on their in-flighting?
Officials took bribes and they are not convicted too? It’s not corruption, it’s a failure of every financial system in the world! Greed strikes again!
@SilverforceX
Ай бұрын
80 others are convicted, there's more, they are trying to get her to squeal.
@haquoctienalejandro
29 күн бұрын
many many officials are getting jailed, some even life sentences
@abcdefkkk123aa
28 күн бұрын
4 quan chức bị án chung thân. Và 180 năm tù cho 76 người còn lại
Amateur hour ... Since 1971, $50 trillion moved from the 99% to the 1% in the USA.
Sounds like standard corporate greed. How much $$ do you actually need?
Did ALL THE OTHERS get the death sentence as well!? 🤔 Or is it just the Money Holder? 👽
@notme943
Ай бұрын
High doubt it. Also she is probably responsible for channelling the money, but money surely go around. In vietnam it's understood that you don't get high positions by being clean.
@jackbleiham8475
Ай бұрын
@notme943 you are probably right, but......where in the world get someone in to high government positions by remaining clean?
@velvetmagnetta3074
Ай бұрын
@@jackbleiham8475 - Europe, the United States, Australia, etc.
@nephilesi
Ай бұрын
There were like 82 other defendants, and their sentences range from three years in prison to multiple life sentences
@jackbleiham8475
Ай бұрын
@@velvetmagnetta3074 sure
Well, corruption almost always involves politicians.
The woman is a legend. She just made use of the existing system to her benefit. Its not her fault that the system has always been corrupt in Vietnam.
She probably didn't pay enough to the big guys. There is always corruptions, but greed is endless. They most likely wanted to take everything from her easier. They let her grow the wealth illegally then take everything at once.
@DanhNguyen-1905
Ай бұрын
right
@b.v.437
26 күн бұрын
@@DanhNguyen-1905 She is almost 70. She's lived a long, full life with her money, health and good looks, even had a daughter. Looks like she will be spared old age related illness and disability.
Finally women getting equal representation in Fraud and Corruption. The world is really progressing ☺