Vietnamese property tycoon sentenced to death in country's largest-ever corruption case
Vietnamese property tycoon Truong My Lan has been sentenced to death in a corruption case so big its total financial damages are equivalent to 6% of the country's 2023 gross domestic product and dwarfs the amount in the FTX cryptocurrency exchange scandal that resulted in founder Sam Bankman-Fried being sentenced to 25 years in prison.
CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+.
Subscribe to the CBS News KZread channel: / cbsnews
Watch CBS News: cbsnews.com/live/
Download the CBS News app: cbsnews.com/mobile/
Follow CBS News on Instagram: / cbsnews
Like CBS News on Facebook: / cbsnews
Follow CBS News on Twitter: / cbsnews
Subscribe to our newsletters: cbsnews.com/newsletters/
Try Paramount+ free: paramountplus.com/?ftag=PPM-0...
For video licensing inquiries, contact: licensing@veritone.com
Пікірлер: 401
Vietnamese businesses: we get sentenced to death for financial crimes British businesses: wow we just get massive fines and jail time US businesses: you guys get punished for financial crimes??
@mangomaharaja6859
3 ай бұрын
How prosperity is looked at from various perspectives
@stillcantbesilencedevennow
3 ай бұрын
@@mangomaharaja6859true. Though it would be nice if civilians had more agency in the determination of the sentences.
@mangomaharaja6859
3 ай бұрын
@stillcantbesilencedevennow I want to believe that at one point or in various points of life, people do have a day or did have a say in sentences. I mean people would carry out mob attacks against corrupted people or whomever they feel or saw did wrong know what I'm saying
@mangomaharaja6859
3 ай бұрын
@@stillcantbesilencedevennow ☝🏾
@SactoShane
3 ай бұрын
US businesses: we got a tax payer bailout
No way she did it by herself😮
@ismailbabaaliyu5890
3 ай бұрын
How do you know ?
@darthstarone3532
3 ай бұрын
@@ismailbabaaliyu5890 27,000 people 🤔
@mongo0179
3 ай бұрын
read the text. 85 others.
@kmasse81
3 ай бұрын
Nearly 100 others are being charged as well.
@preston74
3 ай бұрын
She was convicted of bribery.
We literally NEED this in America as we are being fleeced by big real estate in the same way
@bobcob3362
3 ай бұрын
How so? Did someone force you to buy a home?
@KingC89
3 ай бұрын
This would be considered "antisemitic" in America
@gammaraypotatoes3307
3 ай бұрын
@@KingC89bot
@tylerharris4392
3 ай бұрын
exactly, i was looking for a comment like this
@tylerharris4392
3 ай бұрын
@@kalia3537 exactly
Either she got thrown out of the inner circle or she's a scapegoat
@brenda9410
3 ай бұрын
Agreed
@Ed-lo5zs
3 ай бұрын
Wdym? They arrested 85 other people. It seems like they got her and her circle
@Bluemortal001
3 ай бұрын
Both
@ericfromeng
3 ай бұрын
@@Ed-lo5zs Corruption like this is not accomplished by 86 people.
@I_Never_Lie
3 ай бұрын
@@Ed-lo5zs Every circle is within the big party.
What a beautiful, blessed country, truly one of the last few places on Earth still holding on to decency and principles. God bless Vietnam
@2buxaslice
3 ай бұрын
Yeah, you should move there and let us all know how great it is.
@justinkhoavo5363
3 ай бұрын
It's still communism. And of course she is just the scapegoat of a much larger criminal group/organization 😂
@trentwolfgram9571
3 ай бұрын
@@2buxaslice in a heartbeat. You gonna help my family and I get there? Gonna need some cash floated, but I've been working nonstop for 18 years now, I'm good for it lol Or, just hear me out, we make the country we're born into a decent place to live. Crazy, I know, but I'm a romantic
@amoretpax199
3 ай бұрын
@@trentwolfgram9571 That's dumb, mate. We call it 'Ngu' in Vietnamese.
One person, who isn’t some high ranking gov official, embezzling 6% of a country's annual GDP is preety impressive
@ryanmark8428
3 ай бұрын
The estimated total damages amounted to 6%. Her own embezzlement amounted to a bit under 3%. Crazy work.
@quartere
3 ай бұрын
She wasn’t a high ranking gov herself but def had political connections so deep that she was able to pull this off for so long
@phatle2737
3 ай бұрын
dude watch the video, 85 others are charged ranging from 5 to life, 8 got life
Imagine if this happened in united states, we wouldn't have any politicians
@autumnishotterthansummer
3 ай бұрын
I just had this very thought
@BSnicks
3 ай бұрын
I think she was too greedy! Stealing about 5% of the GDP of a population about 100 million. This is like stealing all the income from 5 million people!
@rickhammond2473
3 ай бұрын
Too many palms greased.
@anjr6282
3 ай бұрын
…except maybe Bernie. lol
They should apply that law in the USA
@jamesfayne108
3 ай бұрын
Said the dumbest person in the room.
@nigelsenchez
3 ай бұрын
Hell no
@VenEm
3 ай бұрын
Ignore the bootlickers
@michaeljohndennis2231
3 ай бұрын
Totally agreed - this standard must apply in every western country globally, not just the US
@tylerharris4392
3 ай бұрын
exactly
If we had this in America, there would likely be a LOT less corruption.
@mangomaharaja6859
3 ай бұрын
Hammurabi Code Babythefox6568
@IceFalcon38
3 ай бұрын
thefox6568 stop defending criminals
@champiion
3 ай бұрын
@@IceFalcon38 I assume they just mean the punishment doesn’t fit the crime.
@bjohnson1489
3 ай бұрын
@@champiion44 billion yeah I'd say the punishment fits the crime
@champiion
3 ай бұрын
@@IceFalcon38 Maybe. Everyones sense of justice is different.
She lives in the wrong country for that. Would've gotten elected to the senate in the U.S.
@small_fries7573
3 ай бұрын
She woulda been Trump's vp! Vice President of usa My My Truong
She's just a pawn who upsets someone.
@musicful7036
3 ай бұрын
she's been stealing money from the vietnamese people for 11years dude. Have you seen her mansions ???
@pleaseenteraname4991
3 ай бұрын
@@musicful7036Doesn’t mean there isn’t a bigger fish
@marcosburgos8415
3 ай бұрын
@@pleaseenteraname4991 Her and her husband are the bigger fish lmao, 80 other people also caught
@musicful7036
3 ай бұрын
@@pleaseenteraname4991 Doesn't matter Bigger or smaller fish, she stole money from million vietnamese families hard earned money from generations of savings. State banks in Vietnam not insured. She stole money from the vietnamese people. State banks not suffering but the people are.
@pleaseenteraname4991
3 ай бұрын
@@musicful7036 Exactly right, i’m happy they caught her and that they are actually going to do something about it instead of sweeping it under the rug. I was just saying that there could be another co-conspirator or even organizer at or above her level, I personally know very little about this specific situation.
AMERICA NEEDS THIS LAW.
@rickhammond2473
3 ай бұрын
Too many palms greased.
In US this scam will get you a nice bonus reward of $50M tax free!!
We need this in America.
@LandofNodnuts
3 ай бұрын
No, never give the government that power , it will be turned on you very quickly. The government doesn't make restrict thier power, I do believe in harsh penalties, but when it comes to America and property well ask native Americans
@Roxz.
3 ай бұрын
Just move to a communist country
@rickhammond2473
3 ай бұрын
Too many palms greased.
Vietnam got this right. We, in the United States of America, need to get this right as well. NOW!
@CItAll4042
3 ай бұрын
What if she is innocent?
@thanhthanhtungnguyen8536
3 ай бұрын
@@CItAll4042 6 tons of documents telling us she's guilty.
@bjohnson1489
3 ай бұрын
@popdavid-dd4lxtar and feathers needs to make a strong come back. Washington dc would look like a chicken farm
@small_fries7573
3 ай бұрын
She's guilty until proven innocent (usa) She's innocent until proven guilty (Vietnam and Korea) My MY MY!
@TheSmarq17
3 ай бұрын
@@small_fries7573 What part of "sentenced" do you fail to understand? I'll wait for your answer before I totally embarrass you.
We do the same here. Let people fail upward so they can be blamed for what others are doing behind their back. This lady is guilty of letting herself get played. If you ever wonder why some figures seem to continue to move up, although they are obviously incompetent. This is why. She literally said she had very little knowledge of the industry she was in charge of. How do you think that happened?
@user-js4iw9rz2w
3 ай бұрын
Gee, I don't know, do you suppose it had something to do with it being in her best interest to claim ignorance?
Lol, 12 billion dollars of theft would be a couple of years in jail in America.
@brenda9410
3 ай бұрын
In Korea as well. Do you honestly think someone deserves to lose their life over money?You do know this isn't a video game...once this woman is murdered she has no lives left?
@kevinhung1575
3 ай бұрын
Yeah, meanwhile nonviolent offenses can land you 20+ years in America.
@ericwilliams1659
3 ай бұрын
@@brenda9410 Good.
@ericwilliams1659
3 ай бұрын
@@brenda9410 Yes, and life also has consequences unlike a game. So play stupid games, win stupid prizes.
@azrieldawson7377
3 ай бұрын
@@brenda9410Yeah okay? Good? Maybe don’t steal billions of dollars from people who struggle?
Please apply these law in usa... of you are takong money from the government it belongs to the people. Therefore it should be consider treason and have a harsh punishment
@rickhammond2473
3 ай бұрын
Too many palms greased.
Greed made you do it. Now you're the fall guy.
Bernie Madoff in Vietnam. Humans are same in everywhere in the world.
@decaydjk8922
3 ай бұрын
But in some countries they get run down instead of elected president
@HsingSun
3 ай бұрын
He is dead?
Before 0:14 - "The death penalty is a bit harsh for embezzlement isn't it?" After 0:14 - "Against the wall please."
@YoojinKim-gt5fj
3 ай бұрын
Not for stealing a huge amount of money from hard working ppl that rely on their funds!!!!
@stomybugsy12
3 ай бұрын
Bernie Madoff stole more money and got a life sentence. Vietnam doesn't value human life.
@mallred5
3 ай бұрын
@@YoojinKim-gt5fjI know a few politicians in our American government who do this daily.
@decaydjk8922
3 ай бұрын
@@mallred5politicians? Try all large capitalists
Taking her life is not justice😢
@ArcadeRot
3 ай бұрын
What if it was a guy
@gammaraypotatoes3307
3 ай бұрын
Who said anything about justice
@user-js4iw9rz2w
3 ай бұрын
@@ArcadeRot What a weird question. A lot of people don't believe in the death penalty, why are you probing for double standards like it's some unusual position that must be motivated by her gender?
@gammaraypotatoes3307
3 ай бұрын
Bots be trying to distract from the real point of this video. The game is rigged, everyone knows it now, we no longer need to play nice
@vari2d347
3 ай бұрын
Then what would be? Sentencing her to life in prison where she could bail herself out with the cash she stole? No. This. Is. JUSTICE. POWER TO VIETNAM 🇻🇳
It's DEPOSITORS that lost all the money, State banks in Vietnam not INSURED
@HsingSun
3 ай бұрын
Communist Vietnam has no life insurance.
I dont get down qith alot of draconian law/government, but just imagine if we held our politicians, ceo's and gov officials to THIS standard.....
@boomerdragon1568
3 ай бұрын
Just imagine if we held them to any standard. Instead, we elect them to office to rule us.
@BlackVulcan22
3 ай бұрын
@@boomerdragon1568 I dont disagree, this is a multi faceted problem. We need civics classes, publication-literacy classes, hell just a standard to foster an informed population. But this, taken in isolation, Id be all for it
They don't play around with justice system like US.
her poll numbers in the US just skyrocketed
@visionop8
3 ай бұрын
She might even have a high approval rating here.
@stillcantbesilencedevennow
3 ай бұрын
Hue hue hue. Ja ja ja ja. So funny, orange man bad, we get it. You're so brave and special.
@vari2d347
3 ай бұрын
@@stillcantbesilencedevennowDid you season the boot before licking it? It tastes better that way.
The Vietnamese are smarter and saner than Americans. And they have terrific heart and soul.
@user-jw8fy9by6w
3 ай бұрын
I also agree with you. People should not be put to death for corruption.
They are setting an example dang.
@small_fries7573
3 ай бұрын
My friend name is Dang. Daaaaaaaaang!
@small_fries7573
3 ай бұрын
A vietnamese joke
@RichAction
3 ай бұрын
@@small_fries7573 lmaoooo
Like seriously death oh my 😳
@small_fries7573
3 ай бұрын
MY TRUONG: YOU CALL MY 📞 NEM? MY NEM IS MY TRUONG. I LIKE AMERICAN TU. DU U KNOW I HAVE LOTSA MUNEY?
Holy cow! This is insane! 44Billion Fraud?! Wow...
@BSnicks
3 ай бұрын
Still she couldn't find a place that could do decent microblading!
Her and O.J gonna be kicking it real soon 😂
High price to pay for greed.
Send our crooks to that court
Holy cow! This is insane!
0:28 State Officials participating in said event is the same government imposing the death penalty. Smells fishy
We need these tough laws in the US.
This is Vietnam, it's always different. Goodness always wins over evil and in Vietnam morality is more important than money! Advise criminals not to touch Vietnam!
Don’t steal!
@small_fries7573
3 ай бұрын
Trump: Let her do her thing. Woman needs money too since men can't show no love. Yes this includes me and all those above 50 year old!!!
The united state respectfully request to post her bond we seem to be experiencing similar environment I request she be transfered to the US embassy in Vietnam. Thank you for your cooperation.
I guess its not like in the US where money can buy freedom. Its a good thing our politicians arent Vietnamese
@yeahokbuddy2510
3 ай бұрын
So it’s a good thing that America can be run by corrupt oligarchs 😂??? Are you listening to yourself? Vietnam is protecting 42,000 victims from this parasite of a property tycoon. Are you some land baron?
@mamsongmai
3 ай бұрын
Not happening for Jeffrey Epstein
If it happened in China, some people would have something to say.
@thekingsdaughter4233
3 ай бұрын
And "saying" would be all. Ask a foreign secretary of state... Don't forget who owns you.
@marcosburgos8415
3 ай бұрын
A banker owner or smth was charged with taking millions in bribes and get the death penalty recently aswel
@garmenlin5990
3 ай бұрын
@bannock_bashi US government, saying it violates "human rights"
@4give-490
3 ай бұрын
.😂 China just would have took over put who they wanted in and she would have come up "missing" few months later. 😮
The real crime is the hideous Vietnam military uniform. Puke green and flamer red with matching oversized cap? What a horrific combination!
The woman officer on the right side of the thumbnail is looking like "oh you done done it now you filfy wrich wady they going to shoot holes in you now!" 😂😂
Lets update our list of imports! 2) WHAAAAT!!!?? She gets a death sentence, and the founder gets 25years? Scapegoat!! Not right.😢
Being greedy is bad thing.
Wow, they don't play over there. In the good Ole USA it's usually a golden parachute or severly reduced charges.
@small_fries7573
3 ай бұрын
In Vietnam they play vietnamese poker and vietnamese black jax. U lose cuz the officials are all men dealers 😅. What happens in vietnam, stays in the viet government!
@b.v.437
3 ай бұрын
@@small_fries7573 sorry i don't understand eloborate please 🥺?
Don't Waste Your Time folks. CBS can't even afford to have somebody narrate their own videos. Pretty ridiculous. If I wanted to read a news article I could just look it up online. There's a reason why people go to KZread and watch videos. It's because they want to listen to audio and in situations like this, they want to hear people discuss the situation. This was lame. Do better CBS.
I wish we have similar law in India
@small_fries7573
3 ай бұрын
India>Vietnam
Isnt death penalty too barbaric these modern times?
What do even need that kind of money for? Love of money is evil!
To Death? Man, maybe life in prison, but Death?
So how long does Thailand wait? Did they handle it right away or do they wait 100 years like United States?
@TinNongTheGioi-ex9es
3 ай бұрын
thailand king is so rich..he dont want this law.
that is fkng harsh holy crap
@small_fries7573
3 ай бұрын
Nah
That’s one out of thousands
Wait so I’m confused did she get 25 years or the death penalty?
@NguyenNatri
3 ай бұрын
25 years in prison for bribery and death sentence for fraud. The overall sentence is death.
When a government rules by law and is held up in court the corruption is dealt with swiftly , the result is you drive fear into those thinking about their own enterprise , it’s called accountability . Somehow we in America are swimming in lawyers who have graduated later in life to a promenient position that holds the golden key to change laws, those duties are for a type of corporate control, donations at the door through lobbiest.
In the US you’d get 5 years out in 2 with good behavior
It is so hard to just get approval to be local resident from local government officials in Vietnam unless money goes to their pocket. She was not done by herself without corrupted government officials. Why they (VC) rushed for her death sentence? to end the linking to other high ranking Government officials that corrupted in this case but have not bring to justice.
@small_fries7573
3 ай бұрын
Yes! Can u tell us more about corruption in vietnsm?
There is no reason to give someone the death penalty, when life in prison is a possible alternative.
@robertromero8094
3 ай бұрын
People won't be doing this again for a while
In the states, this would have been a fine.
Sucks to be her
@small_fries7573
3 ай бұрын
And vietnamese. Good to be Japanese or Korean
Greed kills
I don’t support the death penalty but I’m heartbroken for those who lost their investments. Losing their money is losing their security.
Congratulations 🎉
Greed, the first billion was not enough...😮
If it was a man he would not have suffered the same fate
@azrieldawson7377
3 ай бұрын
In Vietnam? Lol buddy…this is common punishment for embezzlement irregardless of sex/gender/orientation/race in Socialist countries. Justifiably so.
Aqui en mexico esta ricardo salinas no quiere pagar impuestos yo creo que en vietman si los ubiera pagado
Death sentences for non-violent crime sets a very dangerous precedent for that being the possibility for all crime.
@robertromero8094
3 ай бұрын
I mean billions of dollars. Might not have pulled a trigger but someone lost a lot of money and could have to themselves.
@VeeBeeZee22
3 ай бұрын
Do you know how many victims died because of her fraud?
@HANBIN97
Ай бұрын
HOW ABOUT THE VICTIMS BECAUSE OF HER FRAUD
lol she blamed her subordinates lol
@small_fries7573
3 ай бұрын
She should have associates
Sweet!
dont wanna get caught - share. she didnt and thats the outcome
How is everyone in this comment section pro death penalty for a non violent crime
@JimKalpa-qd9zr
3 ай бұрын
What if someone defrauded you out of everything you had and couldn't get it back?
@HANBIN97
Ай бұрын
@JimKalpa-qd9zr exactly, ppl who is saying her crime isn't that serious just doesn't think much. imagine the number of ppl whose life got destroyed
Why is the death penalty for corruption and embezzlement not the accepted norm in every western country globally? They already automatically apply the death penalty in Thailand for drug trafficking and drug dealing offences - there is no reason nor reasonable excuse why the same high standard should not happen here in the U.K. and in my native Ireland for example
@jessiebedlam6094
3 ай бұрын
Because there are activists that state death penalty in just about any form is cruel regardless of the crime committed. Death penalty in the U.S. is also more expensive than say Vietnam due to our appeals process. Lastly the ones who are corrupt are in positions of power. Because what you want because it will be used against the populace, not the corrupt, majority of the time.
I’m sorry, but no living creature should have their life taken because of money; that’s absolutely atrocious, no matter how much money it is
@user-jw8fy9by6w
3 ай бұрын
Death penalty for corruption is unacceptable to me
@VeeBeeZee22
3 ай бұрын
How about the victims died because of her fraud?
1- she could not have done it alone 2- we need these kind of trials FOr congress… regarding corruption Not in congress FOR
You put subtitles up but then you take them down faster than most people can read them. Who reads that fast?
Fake news. She was the downfall person. Others are getting away with it. They want you to focus on the particular people that they present to you... If they are so righteous, fewer people will be poor, homeless, hungry, etc.
Vietnam and China may well be revisionist, but news like this always makes me critically support them in their socialism. Even if it is misguided.
Noone should be sentenced to death for financial crimes even though people commit suicide when they loose everything they worked so hard for. It goes against my moral code to take someone's life for stealing other people's money. Money can be replaced right? So what's this all about really?
@marcosburgos8415
3 ай бұрын
she abused her position to steal billions from hardworking people, punishing her like this sets a precedent that the working class people are not to be victimized by those with insatiable greed. and no money cant be magically replaced nor can any lives lost as a result
What a disgraceful final remark.
📍0:43
This type of report SUCKS Real reporter please
Need this law in the Philippines
Dam crazy
Market liberalization is balanced in Vietnam and China by strict measures like this, in China most sentences are commuted after the fact, from death penalty to prison time. Corruption is inevitable with allowing lots of economic power to concentrate into a few hands. It’s looked at as a privilege and responsibility with strict guards against corruption.
Maybe this should have applied in the New York AG case? 😈
The same thing is happening in America !
America take note ....this is how you're suppose to handle scammer
This should not be a death sentence
Death seems extreme. In America CEOs face little to no consequences, rather the corpoeation is fined and business moves on.
@keithroberts2440
3 ай бұрын
Almost like you described why these problems keep going on….
@BSnicks
3 ай бұрын
This is why people love America! You can steal as much as you can, and still have to law to back you up!
@HANBIN97
Ай бұрын
"hey, let's do some corruption , since the sentence is light, why not risk it" guilty ppl who suffered little consequences but destroyed many ppl life . out of jail, no remorse continues to do it
Imagine what they would do to Trump if he were a citizen in that country.....🤷 I'm just saying.
Chết cũng còn lời.
Meanwhile in America our Kangaroo courts sentence rapists, child molesters and murderers to a few years or even probation....
I wish they would have at least had the automated voice read the text. If I wanted to read, I would read an article.
Another information that her husband have to go to jail for 9 years, others officials who paid back enough what they take will be kick out of government, or else they'll go to jail+ got kicked too Also I'm Vietnamese and glad everyone congrats Vietnam for this anti-corruption moments😁
She's "angry [she] got involved?" Was that an accident? Was she skiing down Nai Ba Den and slid into the position? Shame!!
@small_fries7573
3 ай бұрын
👍 analysis. How 🤔 many more viets were involved in this scandalous scheme of evil?
Yet - Lloyd Blanfein got away scott free here in America - Swaps - they called it.
We make those kind of ppl president over here
@small_fries7573
3 ай бұрын
Yeah! And ceo of big corps
Death sentence is crazy 💀
Se parese a Ivonne Elliman la de If can't have you