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.

  • @Filthmontane
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    07 days ago

    She probably has her assets tied up in foreign banks where the state can’t access it. Anarchists are dumb and only useful for revolutionary purposes. Once revolutions end, so must the anarchist. Currency is a necessity because there is not enough material abundance to not need it. All the shit jobs that no one wants to do needs to be automated before we can remove money. This is the dream that Marx had for Communism. If you don’t understand the basic foundation for achieving a true Communist society, then you are not educated enough to speak on the subject.

    Kim Il-Sung tried demonetization prematurely from the dprk and it ended horribly. You cannot advance society into a Communist state without making the proper technological and material advancement necessary to support it. But you anarchists want to live in hippie communes and sing songs instead of advancing society. Marx did not advocate for a reverting back to tribal society, but a necessary progression from capitalism to socialism and eventually communism.