• @Sludgehammer
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    English
    632 months ago

    The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.

    Wow, when your fraud starts being measured in “percentage of GDP” you know you got too greedy.

    • @[email protected]
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      fedilink
      30
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      2 months ago

      According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

      That much cash, even if all of it was in Vietnam’s largest denomination banknotes, would weigh two tonnes.

      From a BBC article