In India, even though the corrupt are committing various types of frauds and there is no fear of law among them, but Vietnam set a big example by sentencing a builder to death in a big case of fraud. Is. A Vietnamese court on Thursday sentenced real estate tycoon Truong My Lan to death in a financial fraud worth 304 trillion dong, or $12.5 billion. This case is Vietnam’s biggest fraud on record.
The trial of the tycoon began on March 5 and ended earlier than planned. The tycoon’s fraud case was a dramatic outcome of a campaign against corruption that ruling Communist Party leader Nguyen Phu Trong had promised to eliminate for years. State media said Lan, chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery and violating banking regulations at the end of a trial in business hub Ho Chi Minh City. After this the court sentenced him to death.
Lan admitted that he was innocent
“We will fight further after seeing what we can do,” a family member told Reuters on condition of anonymity. Before the verdict, she had said that Lan would appeal against the sentence. Nguyen Huy Thiep, one of Lan’s lawyers, told Reuters that Lan had pleaded not guilty to embezzlement and bribery charges. He said he was sentenced to death on the embezzlement charge and 20 years each for the other two charges of bribery and violation of banking rules.
In Vietnam, such punishment is given for most violent and economic crimes.
In Vietnam, death penalty is often given in cases of fraud and violent crimes. Human rights groups say it has executed hundreds of convicts in recent years, mainly by lethal injection. The Thanh Nien newspaper said 84 defendants in the case received sentences ranging from three years’ probation to life in prison. They include Lan’s husband, Eric Chu, a Hong Kong businessman, who was sentenced to nine years in prison, and his niece, who was sentenced to 17 years.
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