Vietnam Property Tycoon Truong My Lan Slapped With Death Penalty Over Largest-Ever $27Bn Fraud Case
A top Vietnamese property tycoon has been sentenced to death in one of the biggest corruption cases in history. Truong My Lan, 68, chair of major developer Van Thinh Phat, was accused of swindling the cash from Saigon Commercial Bank (SCB) over a decade. The sentencing comes after Lan and 85 others faced a five-week trial in the business hub Ho Chi Minh City. The list of co-accused includes former central bankers, ex-government officials and previous SCB executives. They are charged with bribery, abuse of power to appropriation and violations of banking law. Lan allegedly embezzled $12.5 billion, but the prosecutors said the total damages caused by the scam now amounted to $27 billion. Watch the video to find out more.
#TruongMyLan #corruption #worldnews
0:00 - INTRODUCTION
2:15 - RISE AND FALL OF TRUONG MY LAN
4:15 - TRUONG MY LAN’S CASE POLITICALLY MOTIVATED?
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That law should go worldwide!!!
@kathyannpardi9888
2 ай бұрын
💯 %
@shinyuki-eu5tx
2 ай бұрын
Capitalists don't like communism because of that
@kp5518
2 ай бұрын
Are you sure you want it? what a laugh. 😂
@saschamotz8029
2 ай бұрын
@@kp5518 sure sure sure!!! Why? Scared capitalist?
@saschamotz8029
2 ай бұрын
@@kp5518 why? Scared?
First billionaire to ever be found accountable for their actions
@davidhill2020
2 ай бұрын
It's worth remembering that Martin Shkreli was jailed, not for charging over ten times for an easily synthesized AIDS drug, but for scamming rich investors.
@Militarywidow
2 ай бұрын
That's what they want you to believe.
@nelsonta00
2 ай бұрын
nah, that evergrande guy is before her. He didn't get a death sentence, but in China that's pretty much a death sentence. There's also Bernie Madoff(?)
@KhaiFirst
2 ай бұрын
also Ex prime minister Malaysia.. Najib Razak that Film wolf of wall street Funded by his son stolen money.
@madelainepetrin1430
2 ай бұрын
That other guy Bankmam-Fried?
This is not just happening in Vietnam. It’s a lot worse in America. It’s time for America to start waking up. The country of Salvador was talking about this, and he exposed the whole world to wake up.
@geraldnwosu2592
2 ай бұрын
Always linking American to everything. American living rent free in your head.
@keviny354
2 ай бұрын
Unfortunately her name is not Trump and lived in America….
@po350
2 ай бұрын
@@keviny354 No. you should say, her name is not biden and lived in America. Trump businesses are legit. He follows the law down to the t. The corrupted ones are the democrats. you can't beat him at the ballot box resulting you to cheat and cooked up some bogus charges to keep him down.
@aryaan3866
2 ай бұрын
Respect to you from India.
@orpheusP
2 ай бұрын
@@keviny354 trump derangement syndrome. I truly hope Pfizer vaccinates you
This is a very very serious crime. The deposits in a bank belong to the depositors. She literally treat the deposits as hers and the bank as her ATM. Very deserved sentence!
@agnelomascarenhas8990
2 ай бұрын
There should be banking regulators doing their job.
@leealex24
2 ай бұрын
@@agnelomascarenhas8990Guess there are none. If it was her own company and the money there belongs 100% to her/family, it is fine but it is the public money.
@minhngoctran2930
2 ай бұрын
@@agnelomascarenhas8990the woman that was in charge of investigating this got bribed many times.
@agnelomascarenhas8990
2 ай бұрын
@@leealex24 In my country there are restrictions on bank share ownership, such as how much one entity can own, a separation between banker and industrialist entities. Insurance protects depositors to an extent. Operational matters like liquidity and solvency Cash Reserve Ratio and requirements to hold Govt. Bonds. Banks are tightly regulated unlike other corporations. Public shareholders also read the mind of boards and management and this info gets reflected in share prices. Still some sh!t happens occasionally due to fraud.
@leealex24
2 ай бұрын
@@agnelomascarenhas8990 Well, I don't know about your "country" per se, but, I'm pretty sure that bank is doomed at least for the next 5 - 10 years, which I guess comes back to your country too since it's state owned, right?
We definitely need that kind of justice in the U.S.. Include all government corruption on all levels.
This law should implement in Indian Court
@pankajpradhan205
2 ай бұрын
Yes
@agnelomascarenhas8990
2 ай бұрын
Yes, if you have Stalinism, Maoism and other such monopolistic isms you can both create monumental corruption and destroy it equally fast. Laws are only for cosmetic purposes.
@khansaif7023
2 ай бұрын
Absolutely after that very few ministers stay alive
@Fas880
2 ай бұрын
Then most of the politicians will fall under this category 😂
@kamal.m3130
2 ай бұрын
ఆంధ్రప్రదేశ్ CM జగన్మోహన్ రెడ్డి, మోస్ట్ కరెపడేట్ CM india, 32 Ed also CBI కేసెస్,10 ఇయర్స్ he is బెయిల్, india in side most carepeted Politshans
I wish the US Justice System would be as just and transparent as Vietnam’s Justice System. Can you image US Billionaires being held accountable?
@truegrit7697
2 ай бұрын
No - unfortunately, I can't imagine that in America.
@yf222000
2 ай бұрын
You are so naive. She’s just a pawn. You cannot do something this big without having a lot of very high ranking officials backing you up in these counties. The moment anything being exposed. They’ll will have the pawns killed first.
@whisky3822
2 ай бұрын
😂 you will realize the US system is one of the best systems you have when you live in Vietnam several years. Ms. Lan was exposed because she belonged to one of the dark sides of the Vietnamese government that was being overthrown by another side. They fight with each other and Vietnamese people benefit nothing. The goverment will confiscate all money from Lan and it will not return money to Lan's victims.
@Sterlingarcher365
2 ай бұрын
Vietnam is extremely corrupt and you would not want to go to jail or be in their legal system there. Just bc they kill one billionaire, doesn’t make them good
@fredtayam3638
2 ай бұрын
the swamp controlled United State, there is no Justice when it comes to corruption.
How many lives has she destroyed?...I think all millionaires and billionaires should be thoroughly investigated by an objective third party.
@edwinconcepcion3129
2 ай бұрын
It will not happen in democratic county.. Because the billionaire can control the politician in the government
@monipenny408
2 ай бұрын
Poor woman, she should have emigrated to U$orUK, the best place for billionaires, where all frauds are rewarded or zero prison term.
@themiddlekingdom9121
2 ай бұрын
@@monipenny408 Agreed, she is too greedy and she did not have a plan B...that why she caught.
@themiddlekingdom9121
2 ай бұрын
@@Lunasam003 Don't join the crowd as peer pressure, aka the HYPE, you will lose all your money you have.
@leealex24
2 ай бұрын
@@monipenny408 Poor woman? This lady is a devil. Having worked in banking industry, her actions are unthinkable and unimaginable. It's literally treating the whole bank deposits as hers, this lady deserved it.
Fraud? This should put billionaires who choose to commit fraud on notice as there's now precedent.
@Lee.Hsien-Yung
2 ай бұрын
Truong My Lan's face is dull and wrinkled. Besides, why doesn't she want to have plastic surgery to make her look firmer and more youthful?
Sincerely wishing my country’s government will take note of how to deal with corruption. Only then will this nation flourish as it should…
@margielu3238
2 ай бұрын
Only their government is allowed to swindle and commit fraud, bribery. Citizens are not allowed. That's how it works in a communist government. America is no different under the democraps reign.
@ojuice54
2 ай бұрын
This woman was allowed to embezzle billions over a decade, government officials were well aware. When it no longer served them, they finally pursued her. The Vietnamese government is as corrupt as whatever government your proportions should emulate them… probably more so
ALWAYS SORRY AFTER they are caught. NEVER a hint of remorse before they are caught. Typical criminal.
Vietnam sets a good example for all Politicians and business leaders in Asia.
@themiddlekingdom9121
2 ай бұрын
The Vietnamese leaders are learning from their big brothers to north, China.
@patriciavb438
2 ай бұрын
Not just Asia !!!
@wwlee5
2 ай бұрын
@@themiddlekingdom9121not true. Being in Vietnam, for years, they have been jailing local officials mostly from the tax bureaus. Always on the front page of the news. Many officials don't read newspapers to realize others have been caught. The Vietnam system has been jailing lots and sending them to their deaths especially since the 80s for corruptions from railroad systems etc.
@jimmynguyen5404
2 ай бұрын
Vietnam has no big brother. Our heart and courage stand above the rest.
@wwlee5
2 ай бұрын
@@jimmynguyen5404 the dude hasn't read vietnamese history on how the government jailed and given death penalties to civilians within the border of Vietnam for decades especially in the 80s.
This is call real justice well done
@MrCoreyandron
2 ай бұрын
glory to Russia
@mrobocop1666
2 ай бұрын
@@MrCoreyandron hmm why not? Russia and Vietnam are soulmates. If Russia didn't introduce and socialism in Vietnam, such persecution of ultra rich billionaires wouldn't be possible
And her defence was to claim ignorance? Her whole career was based on her claiming to be the expert.
@Armz69
2 ай бұрын
The irony eh
@MrCoreyandron
2 ай бұрын
glory to Russia
We must bring this law in Greece!!
At least 44 billion was stolen. 27 of that was recovered by authorities when defendants agreed to pay back the monies. I hope the punishment is quick. What on earth is someone doing with that kind of money. Just pure greed.
@user-ry6uf5dp1l
2 ай бұрын
😂😂😂🎉❤that’s how people got caught
@jondoh3471
2 ай бұрын
She wants it all... the world, chica.... the world...
@johnkillmoba3718
2 ай бұрын
Billion dollar or vnd?
@user-ql9mu1ix7d
2 ай бұрын
@@johnkillmoba3718dollar
@GiaPhuc--CVHuynh
2 ай бұрын
@@johnkillmoba3718DOLLAR
When is enough money enough for people like this?
@Tms0211
2 ай бұрын
I think death for fraud is extreme but it sounds like she might have been a spy
@user-zv2mp4zd2i
2 ай бұрын
@@Tms0211An American spy I guess
@kennethflaming8606
2 ай бұрын
@@user-zv2mp4zd2i I bet she is a israeli Male spy who had plastic surgery , probably with dual nationality american. And russia and china and palestine tryed to warn vietnam and protect vietnam with integrity
@chile5822
2 ай бұрын
@@user-zv2mp4zd2iher husband from Hong Kong 🇭🇰 he’s millionaires too!
@calories-utd
2 ай бұрын
@@user-zv2mp4zd2ishe herself is Chinese origin and her husband is hongkonger. how come an American spy 🥲
We need this in the US for our corrupt government politicians.
@5Zigen391
2 ай бұрын
It's because your Americans was control by the Israell.... your tax dollars flying towards Israelli
@user-mu3xk7ie2t
2 ай бұрын
👱⚖️👨🦲
@nickspiroulias3651
2 ай бұрын
Need more than that , say open Alcatraz or something , they jailed Al Capone for taxes right ? Well in past recent years it,s trillions that are lost from bad decisions of top officials in power but nothing right ? Guess karma has to deal with that as they are never brought to justice like back in the day in France . Cheers!
😂😂😂😂😂 wow they don't mess around in Vietnam
@chocolatecookie8571
2 ай бұрын
It is not funny. And if you find it funny go see a psychiatrist.
@Striker885
2 ай бұрын
@@chocolatecookie8571 it is absolutely funny, not only do they actually up hold law and order, they hold women RIGHTFULLY accountable. She wasnt givng af robbing her country and her people noone but your sorry ass will care shes going to meet her keester!
@niamtxiv
2 ай бұрын
Being caught with drugs in Vietnam is death penalty
@magentachaos9080
2 ай бұрын
@@chocolatecookie8571 You mad J3W?
@jonwear9791
2 ай бұрын
Good law.
Don't forget, 10% for the big guy. Corruption is everywhere.
@yezchj
2 ай бұрын
Here goes you dumb conspiracy people, Amercia president is out of this, this is asia
We should take example on Vietnam
@Sebrof3
2 ай бұрын
@bobmorane2082 And all be Communists? You’re not too bright are you?
@bobmorane2082
2 ай бұрын
@@Sebrof3 nope but you sure ain’t 😂 we don’t deal in unipolarity here not because they do 1 thing good that you must take all
They should do that in the United States.
@nogibertv4824
2 ай бұрын
if they do the US will be a 3RD world country overnight.
@mannsolo6294
2 ай бұрын
Obviously rich people run the United States. How do you think a guy like Trump who's the biggest con man on the planet can become the president of the United States? Not going to happen....
@janssenrembert3822
2 ай бұрын
You want to KILL a person....for theft. Get some help.
@joeycurtis1872
2 ай бұрын
@janssenrembert3822 there's plenty of countries that do, hangings, stonings, maybe you should stop stealing
@JT-io9ii
2 ай бұрын
@@joeycurtis1872 I'm sure you've lived a perfect life.
6 tonnes of evidence in paper? Holy sh*t
@gerryc3112
2 ай бұрын
@legiahuy9436 I hope it is printed on soft paper so it can be used as toilet paper to wipe up all that sh*t. LOL
A warning to others?
@empiremack
2 ай бұрын
This is what Madoff should have been sentenced to
We need this law in the UK.....very corrupt here!!!!
@samsungtap4183
2 ай бұрын
Uk where you have 20 Prime Ministers coming from one collage "Eton" just a revolving door for the ruling class.
@MrNamvo
2 ай бұрын
Very simple, vote for the communist party.
Meanwhile in India we are busy buying electoral bonds. Great job Vietnam ❤
@mrboxheadd748
2 ай бұрын
MEANWHILE IN INDIA EVERYONE IS THROW COW POOP AT EACH OTHER IN A BIG COW POOP PARTY
@EM-mw2qr
2 ай бұрын
Meanwhile in India scammers are calling elderly Americans every day trying to trick them into sending thousands of dollars in itunes gift cards.
@EM-mw2qr
2 ай бұрын
@@mrboxheadd748 😂😂😂
@EM-mw2qr
2 ай бұрын
My comment got deleted so I'll post it again. Meanwhile in India they are busy using fake phone numbers to make scam calls to elderly Americans in which they have them send thousands of dollars on itunes gift cards.
Her cosmetic surgeon should be sentenced for crimes (against humanity).
@JL-sb4xv
2 ай бұрын
😂😂😂
@littletia8559
2 ай бұрын
😂🤣right! To think all the money she has locked up in her basement 😂
@LindaLinda-yd6ti
2 ай бұрын
😂😂😂😂😂😂lol 😂😂😂😂😂
AT LEAST VIETNAM know what to do with white collar crime. The US and England just give them 10 years and the criminals get to keep all the money.
Endless greed ends life.
Astronomical corruption. What need so much money?
@umelaila1036
2 ай бұрын
So much money and still looks like shit with all the procedures done
@Shiningami_Jem
2 ай бұрын
You underestimate greed my friend. You destroy others to get what you want and you will continue to do so until you destroy yourself
The love of money is the roots of all evil , and greed is very dangerous.
@virgobutterfly1680
2 ай бұрын
The love of money is the root of all evil.
@jacknguyen5677
2 ай бұрын
Lack of money…
In the US, she would have become a media sensation and walk away with a movie contract.
She successfully pulled a Chinese scam in Vietnam.
@famouschappi
2 ай бұрын
Biggest scam US dollars all over the world. You suckers. Haaaahaaaaa?
@remhk6672
2 ай бұрын
She's ethnic chinese.
@xuimod
2 ай бұрын
Depends on how you define "successful". Paying with your own life is a big price to pay. And I think 15 others in this case were given the death penalty as well.
Congratulations Vietnam 👍
America should follow suit
When Communist Corruption meets Capitalist Corruption
@famouschappi
2 ай бұрын
US corruption is number one! They get to laugh at everyone else and supported by the venal politicians.😊
@vari2d347
2 ай бұрын
How is this communist corruption?
Can we send Bill Gates to Vietnam? The court would like to see him.
@dmxtre1
2 ай бұрын
Gates made his money, not steal it
She's NOT Vietnamese 🇻🇳. But she has a Vietnam passport and changed her name to Vietnamese. - She's Chinese, with both parents Chinese. She's married to a Chinese.
@Snownam227
2 ай бұрын
nonsense
@billylam7804
2 ай бұрын
No, she is Vietnamese! Her whole family is Vietnamese. She was born in Vietnam, grew up and lives there her whole life. She loves Vietnam so much that she didn't want to leave the country even though she can with all the money she has
@khp61212
2 ай бұрын
she was born in vietnam,. that makes here vietnamese,..
@sew_gal7340
2 ай бұрын
Vietnam borders china and they sometimes mix...lots of sino vietnamese live in Vietnam
@cheftha9785
2 ай бұрын
@@billylam7804vi.m.wikipedia.org/wiki/Tr%C6%B0%C6%A1ng_M%E1%BB%B9_Lan Trương mỹ lan là người sinh ra ở Việt Nam trước năm 1968 . bà này là người Việt Nam cộng hòa nhưng bà ta có gốc gác là người Trung Quốc
They don't play around over there when comes to corruption.
She didn’t pay off a senior official and that’s why she got investigated.
100% agree with Vietnam government. You can't let conglomeratism, monopoly live in your country. Conglomeratism, gratification and Cheating on Regulation are most dangerous thing for economic living.
This is truly the era of uncovering secrets
That’s greediness to the next level.
Can the VietnamMilitary investigate the money trail of €psteinIsland?
Justice must prevail especially on corruption.
This Law Needs to be Applied to the Criminal United States Central Bank AKA the Federal Reserve, printing of money and interest rate manipulation, and United States Senators who Spend Tax Payer Money by Subsidizing Industries AKA Corporate Welfare for Monopolies, a corrupt Congress that approves Criminal Corporate Share Buybacks, and Central Bank Officials along with Congression Officials who engage in Insider Trading.
Why can't they do this with the lawbreaking billionaires in the United States?!?!?
@MrNamvo
2 ай бұрын
Who ? I'm not breaking any US laws.
@MasterKenfucius
2 ай бұрын
@@MrNamvo That orange monkey who likes to break laws and steal elections, for example.
@nickspiroulias3651
2 ай бұрын
Not only they should look at all the members of the wef in davos in my opinion , there would be 60 tons of paper or more just saying ...
.She's Chinese Vietnamese or simply just Chinese. Don't be fooled by the fact she changed her name and was able to get a Vietnamese passport. Both her parents were born in China..
@LeeSkJohn-sv8wi
2 ай бұрын
What bullshit
Love my Vietnamese people they don’t play with bad characters…
Can't hepl but think of all the young lives who died fight for this shithole.
It may sound harsh but 42,000 bank customers have lost their life savings and many may be close to starvation.
Vietnamese government dont play games. 😮
If she did this in the US, she could be President.
Vietnam shows the way 👍
She had thoughts of suicide?! What about all the people that lost their life savings?! I’m pretty sure the hundreds and even thousands of people she stole from are suicidal and their lives ruin, she won’t have to wait long to see the afterlife as vietnam should bring justice to the ones that were scammed.
Finally justice prevail..
Another result of greed. lives were destroyed, life was lose. How sad.....☹😥
44 Billion ??? Holy Feck!
omGOD!!!!!! 6 tons of papers in a box as a evidence?????
@ngandang96
2 ай бұрын
Yes fill a whole room
I commend the Vietnamese Government for these Act. I hope we also have it here in the Philippines. There are a lot of them out here.
America needs these kinda law , for billionaires thief, I believe they're many off them in the good old USA, free Vietnam!!
@brendandolan7763
2 ай бұрын
Ironically, you're cheering on russia. One of the most corrupt countries. Putin himself has stolen billions from his own people.
Now do something about the scammers from other countries that call elderly Americans every day and scam them out of thousands of dollars.
If the crime was small time, the punishment would be a human rights violation. Embezzlement in billions or trillions of US dollars may warrant the death penalty, but in only thousands of US dollars, no way!
“For every great fortune, there IS a crime” Said the Mobs!
Ohh my god how scary this kind if scam😢😢😢
In my country Nigeria, one man had a lot of evidence brought against yet the courts set him free to even rule 😢😢😢
@juliomandiaga9612
2 ай бұрын
same in Philippines
This is Justice being served,
We could do with that here in Ireland
Thank you Vietnam , we have also pandemic of corruption in the Philippines God blessed Vietnam justice indeed
These individuals killed their consciences long ago to build their castles on dead men's bones and enjoy their luxurious lifestyles.
We need something like that in the USA and every other countries in the world. NO ONE IS ABOVE THE LAW. Justice has no color no status no class and no race. Around 3000 billionaires; 28,481 centi-millionaires plus 260,000 multi millionaires in the world are playing God with absolutely NO respects for the laws and humans lives. No One should be treated differently before the law. Equitable Justice ⚖️ Must Always Prevails.
Imagine, there are at least 4200 victims. Most of them have to save the money all of their lives for retirement or education for their children, now they are just blown away...
Wow, Phillipines a lot of corruption in any agency government , hope supprem Cort can do this.
is there any US hand
@chile5822
2 ай бұрын
No, she’s Chinese!
@TinNongTheGioi-ex9es
2 ай бұрын
i think she send billions dolar to usa already..it is very hard to recover money from her
Very good.
Bravo...
We need this in the uk 😮
Fellow Americans, this is what a properly functioning justice system looks like. Nobody is above the law and everyone is held accountable. 😩 Could we play this clip on infinite loops at all major US banks + companies? Esp. ones run by Individual One + his crime family. "The GOP of Law & Order", make it happen now. 🤨
That it's justice without words
Hoping that law will be implemented here in the Philippines
From Malaysia wish this "rule of law and Justice" so Politician wont be Stealing Billion!
So Sad 💔 😞
Wish we have this law in Philippines..😊
@MrNamvo
2 ай бұрын
Vote for the communist party your wish will come true.
@mrobocop1666
2 ай бұрын
People can criticise socialism, but it never bow down before people with big money harming entire society
We Westerners should not gloat or mock about corruption and bribery are Asian thing, or poor country thing. Corruption and bribery have ALWAYS been around, including here in the West. Human behavior involving greed is intrinsic. Once you becoming rich, you get really defensive about protecting your wealth and building on it, even by illegitimate means. Bribery to expand your manufacturing company, to overlook regulation violation. If you can't bribe your way, you hire lawyers to LOBBY to change laws to favor your industry or company. Poor countries use bribery, Western countries use lobby to change tax and finance laws. Our American billionaires lower their tax obligation by donating money to non-profit organizations that they create and disburse money to their own causes, mostly to the charities owned by their children and grandchildren, with the owner as joint owner. Even 200-400 years ago royal families change law to take land from the farmers, then use those same farmers to work on the land that they lost. The royal families will then give bits and bits of land to their family members to build a protective layer of dependents that change the law to protect their collective wealth. Western billionaires bribe our government through the lobby mechanism to steal billions of dollars from our treasury, defund programs that benefit low and middle class people such as infrastructure rebuilding, primary and secondary school improvement, affordable tertiary education and health care. They take billions then dole out couple of millions as charity to cover their track and buy positive P.R. Then they wonder why the mass hate them, and at some point, they will ask why we burn their companies and castles down. Have you wondered why different countries are sharing the same symptom of apathy if not class struggles and anger? It doesn't matter what nation or culture or religion you are looking at, the world share the same problem of expanding gap in income, wealth, opportunities, health and justice.
Hongkong tycoons should be investigated too
Intresting
Takda ampunan...???? Takda diskaun denda.....???? Takda layanan istimewa..???? Takda tahanan di rumah..???
That should be done too in the Philippines.
Interesting as the news is, it got soiled since one has to listen to another retired or former US official.
man how much money is enough. greed sure is a powerful thing.
There is an ongoing case of around USD $ 17 Billions tin mining corruption in Indonesia, u should cover this too, unfortunately the law in Indonesia isn’t as tough as Vietnam.
Pulls the poor little me defense. I didn't know what I was doing. If I was facing the death penalty I'd be having suicidal thoughts too. No concern about the lives affected.
Greed Greed Greed...overcomes what is right and what is wrong..
@chuageokseng2168
2 ай бұрын
Greed Hatred Ignorance in human mind & heart.
Who on earth has right/authority to take someone else life.... Really disgusted 😡
horrible
Doing the right thing isn't always easy
Read this on CNBC, how sad.
They aren't playing over there
An infraction case here in the US.
Death though? Come on
@calories-utd
2 ай бұрын
death is normal in Vietnam even if you just trade heroine, imagine stole billions of your own people lol