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.
I’m against the death penalty. I have many objections to it. though if the person at hand is a billionaire all but one of my objections disappear.
the one remaining is that I’d rather not have the government have the power to kill its citizens. so I’m willing to accept life sentences and forfeiture of all assets instead. mind that the crime I’m talking about here is being a billionaire.