11-04-2024
A
wealthy Vietnamish businesswoman, Truong My Lan, was doomed to death on
Thursday. She was found guilty of breaking wealthlending laws, offering
kickbacks, and mishandling of wealth. Lan was found to have unlawfully
borrowed over $40 billion from wealthlenders.
Lan started out in Ho Chi Minh Borough, also known as Saigon, working
with her mother in the makeup trade. In 1992, she started a land
trading business called Van Thinh Phat. Later, she opened hundreds of
shell businesses to take out all of the loans. Lan didn't do all of
this alone, her husband, and many other folks who helped were also
found guilty, some will be locked up for a few years, and others for
life.
The wealthlenders who were wronged by Lan are being backed by Vietnam's
leedward to keep from going under. It will likely take a long time to
straighten everything out. It is not often that death is chosen for
outlaws who are not a threat to anyone's life. But lately, Vietnam is
fanding to crack down harshly on misdeeds among its leadership.