Vietnamese property tycoon sentenced to death in $27B fraud case

This is the best summary I could come up with:

Truong My Lan, the chair of the developer Van Thinh Phat, was found guilty of embezzlement, bribery and violations of banking rules on Thursday, in a case that has shocked the country.

“The defendant’s actions … eroded people’s trust in the leadership of the [Communist] party and state,” read the verdict at the trial in Ho Chi Minh City.

The campaign, which is also known as “Blazing Furnace” and has increased in recent years, has led to the indictment of thousands of people, as well as the resignation of two presidents and two deputy prime ministers.

State media reported last week that Lan told the court she had joined the banking industry without sufficient experience and blamed a “lack of understanding of legal matters”.

Documents related to the trial, kept in 105 boxes, weighed 6 tonnes, according to VN Express, which reported the authorities had installed security cameras and fire safety equipment to protect the evidence ahead of the hearings.

Last month, the Vietnamese government announced the resignation of its second president in as many years, Vo Van Thuong, over alleged “violations and flaws” that had “negatively affected public perception, as well as the reputation of the party and the state”.

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3 comments

In the US she'd get a Cabinet seat
This is the best summary I could come up with:
Truong My Lan, the chair of the developer Van Thinh Phat, was found guilty of embezzlement, bribery and violations of banking rules on Thursday, in a case that has shocked the country.
“The defendant’s actions … eroded people’s trust in the leadership of the [Communist] party and state,” read the verdict at the trial in Ho Chi Minh City.
The campaign, which is also known as “Blazing Furnace” and has increased in recent years, has led to the indictment of thousands of people, as well as the resignation of two presidents and two deputy prime ministers.
State media reported last week that Lan told the court she had joined the banking industry without sufficient experience and blamed a “lack of understanding of legal matters”.
Documents related to the trial, kept in 105 boxes, weighed 6 tonnes, according to VN Express, which reported the authorities had installed security cameras and fire safety equipment to protect the evidence ahead of the hearings.
Last month, the Vietnamese government announced the resignation of its second president in as many years, Vo Van Thuong, over alleged “violations and flaws” that had “negatively affected public perception, as well as the reputation of the party and the state”.
The original article contains 766 words, the summary contains 201 words. Saved 74%. I'm a bot and I'm open source!
Truong My Lan, the chair of the developer Van Thinh Phat
Nice combination there.
Lan, who was arrested in October 2022, had denied the charges. A relative told Reuters before the verdict that she would appeal. The death sentence is an unusually severe punishment for a corruption case.
It shouldn't be.