How did billionaire Truong My Lan steal 3% of Vietnam's 2022 GDP? | DW News

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  • Опубликовано: 22 май 2024
  • Property tycoon Truong My Lan has been sentenced to death in Vietnam's biggest ever financial fraud case.
    Truong My Lan was one of 85 people on trial for embezzling $12.5 billion. The death sentence is seen as unusually severe. Lan's arrest last year was part of an anti-corruption drive that has engulfed the top levels of Vietnamese politics.
    _
    00:00
    00:27 Professor Tuong Vu, Director of US-Vietnam Research Center Oregon
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    #Vietnam #Corruption #truongmylan

Комментарии • 2,4 тыс.

  • @28ebdh3udnav
    @28ebdh3udnav Месяц назад +549

    She didn't act alone. She promised some people money to help her steal and they would get a cut and when she got greedy, they testified against her

    • @stevelee6283
      @stevelee6283 Месяц назад

      She just "front line" collector for "big bosses" behind. This is the Northern VC gang attacks Southern VC gang to take control Saigon wealthy and economics territorials.

    • @Bikemom277
      @Bikemom277 Месяц назад +22

      And the money she stole, the people definitely won’t get it totally. She is just a scapegoat…

    • @s4lino
      @s4lino Месяц назад +12

      @@Bikemom277 she didn't seem very scared almost like Trump taking a snooze...must just be a scare/negotiation tactic considering the connections she has...probably just end up with some plea deal and no worry all is happy whilst all those average Viet people wonder why they are working so hard....

    • @icemann4699
      @icemann4699 Месяц назад

      If one has near total control of a financial business entity, it's not so hard to defraud and funnel vast amounts of money. Bernie Madoff who runs his investment securities firm defrauded investors for $18B and created a Ponzi scheme worth $65B! Of course, Madoff didn't do it all by himself. He (and family members) and several of his colleagues were involved and were later convicted.

    • @user-ek2eb5md8g
      @user-ek2eb5md8g Месяц назад +1

      Thats how it goes

  • @BlueJazzBoyNZ
    @BlueJazzBoyNZ Месяц назад +1902

    You don't do this BS alone...

    • @filonin2
      @filonin2 Месяц назад +184

      Yeah, we know. They said she's being prosecuted with 84 other people @ 0:06.

    • @politisk_prins
      @politisk_prins Месяц назад +44

      Can’t they slide me a couple bill😢

    • @MrDosonhai
      @MrDosonhai Месяц назад +180

      @@filonin2 All those 84 are just goons. We're talking high-ranking officials, including the top four here. She's their scapegoat.

    • @lemonhaze1506
      @lemonhaze1506 Месяц назад +24

      @@MrDosonhai High-ranking officials included in the 84 people

    • @itsnotif.itswhen
      @itsnotif.itswhen Месяц назад +64

      @@lemonhaze1506theyre not that high rank. We’re talking about prime minister level

  • @RealAnthonyJones
    @RealAnthonyJones Месяц назад +227

    She didn’t get caught. She getting sacrificed.

  • @hopeandlove626
    @hopeandlove626 Месяц назад +228

    There are 86 people who have been imprisoned, one death penalty and three life sentence, many are sentenced between 3 to 20 years. This guy knows very superficially.

    • @dictatoribenevolo8394
      @dictatoribenevolo8394 Месяц назад +8

      this guy can barely string 3 words in a row into a coherent sentence

    • @Vv0nG3r92
      @Vv0nG3r92 Месяц назад +4

      Yeah either he isn't knowledgeable enough or his English is bad and shouldn't be giving an interview in english

    • @FredPlanatia
      @FredPlanatia Месяц назад +18

      i could understand him just fine. He wasn't asked about what you mention. He answered the questions posed to him.

    • @stupidcupid212121
      @stupidcupid212121 12 дней назад +1

      @@dictatoribenevolo8394 Try explaining politics in your second language and let's see how well you can string a sentence together

  • @stevedolesch9241
    @stevedolesch9241 Месяц назад +1587

    So, government is also guilty.

    • @MrJohannespham
      @MrJohannespham Месяц назад

      In a country where the communist party even higher is than laws. Your guess could be correct

    • @ktp20101
      @ktp20101 Месяц назад +145

      You got it right. But she only got caught up because her biggest supporters retired, others who replaced that guy might be wasn't too happy with her.

    • @WhyWorldWet
      @WhyWorldWet Месяц назад

      This is why people don’t have faith in governments anymore. So much corruption.

    • @AnthonyTolhurst-dw1nc
      @AnthonyTolhurst-dw1nc Месяц назад +15

      Facilitators. She gets punished.

    • @notorioustori
      @notorioustori Месяц назад

      Government is just a tool. It's the people who use the government for ill-gotten gains that are the issue.

  • @AverageJoe483
    @AverageJoe483 Месяц назад +993

    She paid off the wrong people it seems .

    • @CrackHeadHuntersPharmacist
      @CrackHeadHuntersPharmacist Месяц назад +65

      Didn't give her 10 percent to the Big Guy.🤷🏻

    • @MrMarcalc
      @MrMarcalc Месяц назад +15

      @@CrackHeadHuntersPharmacistnice reference

    • @luigibru8677
      @luigibru8677 Месяц назад +59

      Nah... the scam was too big to be kept secret for longer.

    • @tkp97
      @tkp97 Месяц назад +21

      @@luigibru8677 apparently it has been happening for a decade. so yeahh

    • @snowlion8352
      @snowlion8352 Месяц назад +29

      if she had paid the wrong people, would not had even got the loan money to began with. i thik she paid the right people and got the loan money, but the loan amount was too big to hide long enough. she was caught by her greed.

  • @TheYohan1989
    @TheYohan1989 Месяц назад +120

    How come this sentence was not applied to the corrupt officials in our country 🇵🇭

    • @Ordell1991
      @Ordell1991 Месяц назад +4

      Same here 😐🇮🇩

    • @elvirasampoli780
      @elvirasampoli780 Месяц назад +13

      Sana all,,my respect to the Vietnamese government ..in our country Philippines thief, corrupt govt officials lived like kings and queens, with out remorse,,😢

    • @Badget007
      @Badget007 Месяц назад +2

      ​@@elvirasampoli780and then one of them manages to be a century old

    • @a3zth3tikz
      @a3zth3tikz Месяц назад

      because instead of getting convicted of a crime, they get elected into government
      i mean, one even made it into presidency

    • @crytallee2452
      @crytallee2452 Месяц назад +1

      It’s happyed only in communism country

  • @sd906238
    @sd906238 Месяц назад +74

    She forgot to kick 10% up to "The Big Guy".

    • @TrueMAGA
      @TrueMAGA Месяц назад

      Have you read ...TheArtofTheDeal.🧠💲

  • @Siranoxz
    @Siranoxz Месяц назад +370

    It seems that the government is equally complicit here.

    • @Andyxxx2006
      @Andyxxx2006 Месяц назад +38

      The man they're interview wasn't even living in Vietnam and had no idea what is this case about.... He just doesn't like communism country and talking trash about the government.

    • @namdangvan3345
      @namdangvan3345 Месяц назад +4

      @@Andyxxx2006 you say soo true, this video so bad , it make everybody misunderstand

    • @josephherrmann6304
      @josephherrmann6304 Месяц назад

      The government of Vietnam is complicated-everything is complicated whenever you have to use even just one document to do something. What is not complicated is their culture/lifestyle.

    • @NghiaLe-zd2ff
      @NghiaLe-zd2ff Месяц назад +2

      Then why they arrest her now? For as well being exposed with her?😂

    • @Tiglath-PileserXIX
      @Tiglath-PileserXIX Месяц назад +1

      Well at least they prosecute their own. Imagine this happening in African countries?

  • @gskylexkk7280
    @gskylexkk7280 Месяц назад +680

    At 68, she still looks good, she looks calm even with a death sentence, at her age, she got nothing much to lose, she had been rich and powerful for a very long time whilst many poor Vietnamese people are still suffering from poverty.

    • @TheRonnie34567
      @TheRonnie34567 Месяц назад +133

      She just lost the most valuble thing to loose that you cant get back,,,,LIFE

    • @Juann-je8gq
      @Juann-je8gq Месяц назад +19

      @@TheRonnie34567yeah. She will be fearful when she’s pulled outta her cell

    • @trungduong4040
      @trungduong4040 Месяц назад +68

      And she's the exact reason why thousands of Vietnamese people are now in poverty.

    • @JohnEastmanExAttyAtLaw
      @JohnEastmanExAttyAtLaw Месяц назад +28

      that is because she knows she will not get the death sentence. it will be commuted after they get the money back. she may do life though.

    • @JohnEastmanExAttyAtLaw
      @JohnEastmanExAttyAtLaw Месяц назад +11

      @@Juann-je8gq every single death sentence of a financial crime was commuted. do you not know what that means?

  • @londontipton7780
    @londontipton7780 Месяц назад +15

    Wonderful interview without any interruptions. Great job ❤

  • @KhoaBuiLawyer
    @KhoaBuiLawyer Месяц назад +32

    I am VN lawyer and got LL.M in an New York Law School, the actual reasons are between the lines. The banking and securities laws in Vietnam also contributed to this wrongdoing case. Besides, the competent administrators did knowingly learnt about her frauds (actually not only hers). There are complex issues here but personally the biggest issue here is the legal system and enforcement bodies.

    • @dangda-ww7de
      @dangda-ww7de 28 дней назад +4

      Even the president of vn got ran out of office after only a year, the guy before him got ran out too, whenever you see a sport car in vietnam majority of those are these money here.

    • @abanachelsea9884
      @abanachelsea9884 21 день назад

      Are they going to carry out the death sentence or she has a way out by returning back the money ?

    • @KhoaBuiLawyer
      @KhoaBuiLawyer 18 дней назад

      @@abanachelsea9884 Even if she can return back the money in full, the death penalty was decided by the court. In this case, it seems no way for her to appeal the court's decision.

  • @mark-
    @mark- Месяц назад +755

    The Vietnamese government is guilty as well then

    • @mng1110
      @mng1110 Месяц назад +18

      The CP is actually 😂😂😂

    • @kaliforniaman
      @kaliforniaman Месяц назад +2

      💯% correct someone please tell that to @azndragon75 😂

    • @danielmelendez9943
      @danielmelendez9943 Месяц назад +15

      i am sure that due to the vast amount of money stolen, this was a joint effort on her behalf and problably some top officials knew what was going on but they all stay silent. This took years and this is only the money they have accounted, not what she paid for bribes.

    • @raykane2063
      @raykane2063 Месяц назад +11

      Looks like everyone had their eyes shut

    • @williamwatitwa3534
      @williamwatitwa3534 Месяц назад +2

      Who is Vietnamese government? [ its the people of Vietnam]

  • @phuongha3113
    @phuongha3113 Месяц назад +238

    She's the one that got caught. There's still more of them that's hasn't been caught.

    • @18booma
      @18booma Месяц назад

      Every real estate boss is rich off other peoples' money. If Vietnam wants to claim Communism, then they must start governing like it. No more private property! Only personal property and the peoples' property.

    • @rick-be
      @rick-be Месяц назад

      And won't be,because they are part of the Politburo.

    • @giangtruong2909
      @giangtruong2909 Месяц назад +1

      Can you tell who it is?

    • @finalfantasy84
      @finalfantasy84 Месяц назад +5

      i mean they say it in the video. 84 others have been caught 😅

    • @TT-dp8qh
      @TT-dp8qh Месяц назад +1

      You are damn right!

  • @hviettan
    @hviettan Месяц назад +14

    I live in Vietnam and I can confirm this. The more I research the laws for my job, the more of the risk violating it I feel. The laws are so vague that it only allows the tax official to interprete it the way they want and almost impossible to do the norm of my industry without violating the law in some ways.
    5:11 "Everyone who does business in Vietnam has to try to evade the laws or violate the law in in some ways because the laws are vague and the laws are are meant to serve the officials and not to serve the business or the people so the laws made to serve the the officials the government so whenever the government want to use the law against you they can use it and so uh so it it's very uh it's almost impossible to do any business in Vietnam without violating the laws."

  • @riejon80
    @riejon80 Месяц назад +6

    There is an old saying that no one goes to prison because of debt...but this news,
    is surprising, because the sentence for financial crime is immediate death sentence.Unbelievably Ridiculous.

    • @yalebai487
      @yalebai487 13 дней назад

      This isnt a debt issue, this is fraud and bribery lol

  • @stevedolesch9241
    @stevedolesch9241 Месяц назад +666

    12 million I understand but 12.5 billion? I'm dumbfounded. Vietnam?

    • @ngandang96
      @ngandang96 Месяц назад +110

      Well u can imagine the 80% of ppl's savings in that bank in 10 years went to her shell companies

    • @jonwick7635
      @jonwick7635 Месяц назад +33

      Thats nothing compared to endonesia

    • @jeffcombs2950
      @jeffcombs2950 Месяц назад +36

      You should see the estimates on Putin.

    • @MrDosonhai
      @MrDosonhai Месяц назад

      Socialist/Communist countries are all like that. All top-ranking officials are downright criminals.

    • @Nguyenthu.artist
      @Nguyenthu.artist Месяц назад +34

      actually it's 677000 billion VND = more than 27 billion USD, lots of money can't gain back

  • @ngaduongm
    @ngaduongm Месяц назад +2

    Thank you DW News and thank you Mr. Tung Vu

  • @PlaySA
    @PlaySA Месяц назад +45

    Corruption is a way of life in Vietnam. Trust me, I worked there for two years and paid bribes of my own on occasion.

    • @addanametocontinue
      @addanametocontinue Месяц назад

      There's an organization that does rankings on this corruption bribes and yes, Vietnam doesn't rank very good.

    • @ucNhoc
      @ucNhoc 18 дней назад +1

      I'm a vietnamese and i confirm! though it's not that often anymore, middle-income business in here is actually in coherent paperworks and legal! The campaign worked i guess

  • @AndresNostos
    @AndresNostos Месяц назад +485

    As mentioned in the video, an awful lot of people participated in this corruption case. They should get harsh sentences as well.

    • @MrDosonhai
      @MrDosonhai Месяц назад +66

      Many of them are of the top of my country, properly including the ex-prime minister as well. She's their scapegoat.

    • @fuck_you_china
      @fuck_you_china Месяц назад

      It’s a distraction. Never trust the communist party. It’s a heavily corrupted gov system.

    • @thomaskortvelyessy
      @thomaskortvelyessy Месяц назад +6

      Thank you for clarifying that explains a lot

    • @transistorchip3132
      @transistorchip3132 Месяц назад +1

      At first I thought the sentence was to extreme. But three percent? Yeah valid.

    • @rizalalejandro1917
      @rizalalejandro1917 Месяц назад +6

      Definitely a bagwoman. A scapegoat

  • @teoengchin
    @teoengchin Месяц назад +177

    To summarize what i read from her Wikipedia: She robbed the bank by owning it

    • @Ck-vs8pc
      @Ck-vs8pc Месяц назад +5

      This make sense..

    • @michaelandrews4783
      @michaelandrews4783 Месяц назад +23

      Sounds like every banker

    • @user-qf7ud5de9h
      @user-qf7ud5de9h Месяц назад +2

      Just imagine if you were related to someone like that?

    • @JhonderJose1
      @JhonderJose1 Месяц назад +8

      So she was taking out her money from her bank? 🤣

    • @KhanhPham-ns1od
      @KhanhPham-ns1od Месяц назад +14

      She and her acquaintance together bought more than 90% of the bank's shares, so she almost owned it

  • @JesusLovesYou9999
    @JesusLovesYou9999 Месяц назад +32

    In the West this woman would be considered a titan of finance .

    • @rangoman1815
      @rangoman1815 Месяц назад

      Like Joe Biden

    • @panzerkunsth
      @panzerkunsth Месяц назад +1

      in France she would be part of the gouv.

    • @Watermeloncat237
      @Watermeloncat237 Месяц назад +1

      In india there was guy called Harshad Mehta he frauded millions of dollars from banks but he is called "the big bull of indian stock market"

    • @panzerkunsth
      @panzerkunsth Месяц назад +2

      @@Watermeloncat237 Well in France, there was a french minister who sold a big France company who was strategically very important for the country civil Nuclear industry to an other country against France interests. Not so long ago he would be trial for high treason against the country which is why he is now our current "President" or provincial governor of Europe/USA.

    • @JesusLovesYou9999
      @JesusLovesYou9999 Месяц назад

      @@panzerkunsth No doubt

  • @jhonaraujolopez
    @jhonaraujolopez Месяц назад +6

    “ It is almost imposible to do bussiness in Vietnam without violating the law “

  • @brianmack3665
    @brianmack3665 Месяц назад +127

    Upper middle class in Vietnam is $1,500 a month, this level of corruption can destabilize a nation.

    • @phanhuyduc2395
      @phanhuyduc2395 Месяц назад +9

      lol you need more than 1 million dollar in your bank account to be consider an Upper middle class in Vietnam at the moment

    • @phucton3835
      @phucton3835 Месяц назад +27

      @@phanhuyduc2395 1 million dollars makes you a millionaire, not middle class .

    • @phanhuyduc2395
      @phanhuyduc2395 Месяц назад +6

      @@phucton3835 yeah you got the problem. Because millionaire is only consider " upper middle class" in Vietnam lol. To be consiider rich in VN now you need to worth 50 million dollar

    • @ThuNguyen-lw8lr
      @ThuNguyen-lw8lr Месяц назад +7

      The salary of the president of VN is 1,200 USD a month.

    • @MrLekung
      @MrLekung Месяц назад

      ​@ThuNguyen-lw8lr u sure where did u get this info from ? U know there get unlimited salary its corruption it range from $500.000 to million a month nlthey need to arrest all vietnam gov and put people of vietnam in charge

  • @user-ih9tb8km5k
    @user-ih9tb8km5k Месяц назад +118

    She didn't pay the right person off

    • @AngelGomez-kz9su
      @AngelGomez-kz9su Месяц назад +3

      she didn't share well in my opinion there are many others there

    • @jenala3896
      @jenala3896 Месяц назад +5

      she has pays them but they turn their back on final time

    • @phanhuyduc2395
      @phanhuyduc2395 Месяц назад +3

      She paid the right person. Unfortunately that person's faction recently defeated in the power struggle inside the Communist Party and she became the official Sacrificial lamb aftermath

  • @lancesay
    @lancesay Месяц назад +3

    at 5:19... the laws are vague to serve the official, not the business or the people.

  • @greatveemon2
    @greatveemon2 Месяц назад +28

    That's is the first time I hear someone sentenced to death by fraud. I guess it's only Vietnam?

    • @collenmaunganidze3531
      @collenmaunganidze3531 Месяц назад +7

      Why is she the only one getting the death penalty if she didn’t do it alone?

    • @d_ling28
      @d_ling28 Месяц назад +2

      ​@@collenmaunganidze3531 she organised the whole thing and knows where all the money's at, a few of the members got life sentences tho mainly because of accepting bribes and corruption that allowed this to happen. Like the man said in the video they're giving her a harsh punishment so that she'll be more inclined to tell them where all the money is hidden

    • @gosthist
      @gosthist Месяц назад +2

      China. N. Corea , Cuba

    • @tinnguyen4458
      @tinnguyen4458 17 дней назад

      @@collenmaunganidze3531 Isn't that enough for you that she is the leader of things?

  • @CaraMarie13
    @CaraMarie13 Месяц назад +246

    So why is she the only one going six feet under for this? She might have been at the top but you dont keep that going for so long without a whole lot of people holding it up

    • @u.synlig
      @u.synlig Месяц назад +26

      The guest explains tge "why" at 4:15: _leverage._ The government wabts to pressure her into handing over specific information. If she complies, her sentence may be commuted to a prison term.

    • @lancecahill5486
      @lancecahill5486 Месяц назад +19

      They want to silence her.,

    • @appleish5043
      @appleish5043 Месяц назад

      @@lancecahill5486lol, they didn’t silence her 😒 the trial is known to everyone, not like in China, no one knows when a trial is going on n what’s in it. And it’s true what the previous commentor said, the government is trying to get her to cough up the money lol: your life or money. Also there are about 80 other ppl are in trial for involving in this case

    • @9Mountains9
      @9Mountains9 Месяц назад +1

      She most likely helped her family and a lot of people

    • @alanmorris1828
      @alanmorris1828 Месяц назад +8

      She pissed SOMEONE off. 😪

  • @ricknico2577
    @ricknico2577 Месяц назад +128

    NEVER ENOUGH..… no one is poorer then greedy people..

    • @ayomideakinsiku7892
      @ayomideakinsiku7892 Месяц назад

      Saved.

    • @leprincegut9465
      @leprincegut9465 Месяц назад +2

      Oh Yessss greedy is synonymous poorest 😂😂😂

    • @TrinhNguyen-sh4fj
      @TrinhNguyen-sh4fj Месяц назад +6

      I agree and there is no limit to greed for some people and now they pay the highest price with their lives.

    • @wadehiggins1114
      @wadehiggins1114 Месяц назад

      Than

    • @ricknico2577
      @ricknico2577 Месяц назад +1

      @@wadehiggins1114 thank you for correcting me🙏 English is my third language.

  • @k.sullivan6303
    @k.sullivan6303 Месяц назад +6

    I hope the Vietnamese get this all straightened out. They have suffered so much as a country over the years. I think that a big part of getting this resolved is for the government to use total transparency as to what they are doing to fix the situation. The transparency method might lead to the best decisions being made for the country and it's people.

  • @1084kmp
    @1084kmp Месяц назад +23

    The woman is a legend. She just made use of the existing system to her benefit. Its not her fault that the system has always been corrupt in Vietnam.

  • @hadror13
    @hadror13 Месяц назад +15

    I'm betting she was set up and is a scapegoat for more powerful men

    • @user-rg7um1yk1h
      @user-rg7um1yk1h Месяц назад +1

      You are very intelligent to see through it.

  • @JJ2023.
    @JJ2023. Месяц назад +84

    if this was going on for 10 years who is auditing the public sector accounts 😬 very sad for ordinary Vietnamese workers.

    • @winstonsgmx
      @winstonsgmx 13 дней назад

      It's not that they dont know, but the official shielding here was still in office. This case is a 10 years progression of jailing so many officials to get to her.

  • @Veronica.A.
    @Veronica.A. 13 дней назад +1

    $1 million makes your life comfortable in the US, $1 billion super duper comfortable. But $12.5 billions?!!!!😮

  • @Jeprox_Gaming
    @Jeprox_Gaming Месяц назад +12

    Here in Philippines like her will be honored as hero, corruption her is like superhero. People will still love you 😂😂😂

  • @ps-co3ip
    @ps-co3ip Месяц назад +159

    The reason why she is so calm is probably cos she knows she can bribe her way out of the death sentence. The commentator also said she has moved past multiple prior convictions as well.

    • @yomismo6969
      @yomismo6969 Месяц назад +12

      She is calm because she has 12.5 billions reason to be spare.

    • @Teffi_Club
      @Teffi_Club Месяц назад +18

      She didn't look calm to me. Fidgeting and constantly looking around.

    • @ExVeritateLibertas
      @ExVeritateLibertas Месяц назад +3

      Also the footage could be from a prior hearing and not the one where she was sentenced. Definitely I agree she doesn't look like she just got a death sentence.

    • @Andyxxx2006
      @Andyxxx2006 Месяц назад +16

      The man they're interview wasn't even living in Vietnam and had no idea what is this case about.... He just doesn't like communism country and talking trash about the government.

    • @happymunchkin2812
      @happymunchkin2812 Месяц назад

      I don’t think so. She’s calmed because she knows is the end of her life and nothing she can do about it.

  • @antvn222
    @antvn222 Месяц назад +39

    SHE IS NOT ALONE, people in powerful positions allowed her to do this.

    • @abcdefkkk123aa
      @abcdefkkk123aa Месяц назад

      Bị bắt 4 án chung thân và 180 năm tù cho 76 người khác. Hãy tìm hiểu đừng suy đoán tào lao

    • @nguyenn99527
      @nguyenn99527 Месяц назад

      that’s why the president resigned because bribery was a problem

  • @jondavis2206
    @jondavis2206 Месяц назад +183

    Imagine if corruption in the USA was treated like this.

    • @pradeepasivakumar1682
      @pradeepasivakumar1682 Месяц назад +15

      India too

    • @jasonsmith1143
      @jasonsmith1143 Месяц назад

      99% criminals walk FREE in USA

    • @ribos2762
      @ribos2762 Месяц назад +15

      Treated like this? Killing the scapegoat?

    • @user-dx8ni9ve8m
      @user-dx8ni9ve8m Месяц назад

      Hilary Clinton should be in jail for long long long time ago

    • @jeffdunnell6693
      @jeffdunnell6693 Месяц назад

      Get your head out of the sand,our government is worse,who do you think they got to imitate their government

  • @ThienNguyen-wh1fz
    @ThienNguyen-wh1fz Месяц назад +2

    Pretty sure her kids living a comfortable luxury life in US with the stolen money.

  • @lutando4092
    @lutando4092 Месяц назад +4

    There they don't like competitions. Here in US we gave only 5 years.

  • @CIS101
    @CIS101 Месяц назад +41

    The anchor is 100% correct - this should be made into a movie. This was a great report especially for people like myself who know nothing of modern day Vietnam.

    • @stephanieallangarman5598
      @stephanieallangarman5598 Месяц назад

      I’ve watched some amazing Asian Dramas and the women and men can be seriously conniving but this is the real deal. This type of sentencing should happen everywhere. Politicians, Leaders and wickedly ambitious should receive their just due but that’s my opinion. This definitely impacted their economy.

    • @irina_vhmc
      @irina_vhmc Месяц назад

      This is not a representation of modern day Vietnam.

  • @logiclust
    @logiclust Месяц назад +160

    business and corruption are the same until you piss someone off.

    • @prettypuff1
      @prettypuff1 Месяц назад +8

      Honest facts

    • @lancecahill5486
      @lancecahill5486 Месяц назад +8

      More precisely, when you piss off the wrong people.

  • @LinhLe-cq4sg
    @LinhLe-cq4sg Месяц назад +1

    Thanks Awesome 👍

  • @casualkitty1381
    @casualkitty1381 Месяц назад +3

    $12.5 billion would buy a lot of bánh mì.

    • @ThuNguyen-lw8lr
      @ThuNguyen-lw8lr Месяц назад +1

      A buck per banh mi. VN can certainly serve food for the world within a day.

    • @thelou7742
      @thelou7742 14 дней назад

      Pho dat!😂😂😂

  • @katiehale4411
    @katiehale4411 Месяц назад +12

    Thank you. This is the first broadcast that explains the situation that I could understand.

  • @tutyathiyam2198
    @tutyathiyam2198 Месяц назад +55

    When the right people didn't get paid

    • @hypothalapotamus5293
      @hypothalapotamus5293 Месяц назад +4

      "You can pay off all the right people some of the time and some of the right people all of the time, but not all of the right people all of the time."
      -Abraham Lincoln
      In this case, she paid of the right people for a while, but then they stopped being the right people.

  • @pablolee5679
    @pablolee5679 Месяц назад +1

    She seems not too worried. She still believes she can get away with this.

  • @MichelleT-so4we
    @MichelleT-so4we Месяц назад +4

    Wouldn't it be KIND if the recovered money went for helping the poorest Vietnamese with food, clothing, and shelter? Education

  • @afierosycollins3838
    @afierosycollins3838 Месяц назад +12

    i am so proud that, she is the only Vietnamese person who shocked the whole world at a diff level.

  • @bobjackson4720
    @bobjackson4720 Месяц назад +23

    Why on earth does a person need 12.5 billion? How could you spend it?

    • @thehumancanary131
      @thehumancanary131 Месяц назад +2

      Couple of nights out with some toyboys....soon goes...😂

    • @wavemaker2077
      @wavemaker2077 Месяц назад +6

      She didn't pocket all those money. There are probably hundreds of them dividing the loot. She may not even be pocketing the biggest amount of money. She may just be a front of a senior political leader in Vietnam who is the real mastermind.

    • @KC-hl3mh
      @KC-hl3mh Месяц назад

      ​@wavemaker2077 What about others who are not charged or brought to justice? She can't be solely responsible for this crime.

    • @9Mountains9
      @9Mountains9 Месяц назад +2

      Her family and friends are set for life

    • @wavemaker2077
      @wavemaker2077 Месяц назад +1

      @@KC-hl3mh That's the question. Why is she the only one charged? Surprisingly, the Vietnamese people are not complaining.

  • @Alexibawendi
    @Alexibawendi Месяц назад +14

    As a newbie that wants to invest, you must have these three things in mind
    1. Have a long term mindset.
    2. Be willing to take risk.
    3. Be careful on money usage, if you're not spending to earn back, then stop spending.
    4. Never claim to know - Ask questions and it's best you work with a financial advisor.

  • @deimos78
    @deimos78 Месяц назад +2

    She doesn’t look too worried over the death sentence. With her money she will probably overturn the conviction.

  • @musicful7036
    @musicful7036 Месяц назад +256

    The Guest didn't answer the question "how did she steal the money", but trying to push his narrative all over the place. She withdrew the regular people's life savings using fraud, proxies. Basically she built her own banks and stole money from the people, depositors, bondholders 42,000 victims and their families impacted, suffered severely.

    • @GorgieClarissa
      @GorgieClarissa Месяц назад +23

      Ooooh this explains it way better. Didn't realize she built her own banks.

    • @subrotoxing8214
      @subrotoxing8214 Месяц назад +21

      It's not that far-off. because the technicalities is not important here, it's not too sophisticated. People notice their savings gone and businesspeople can't get funds in due time, she stole people's funds. it's not as if her method is very sophisticated people don't notice. there are more sophisticated long running scams that hasn't blown over you'd be dying to know how they pulled it off.. i.e amway. The biggest culprit is indeed as he pointed out how did she get away with fraud in broad daylight. because she got help from above.

    • @ktp20101
      @ktp20101 Месяц назад +14

      ​@subrotoxing8214 exactly! She wasn't alone in this scam! Many many powerful people were in with her!

    • @lemonhaze1506
      @lemonhaze1506 Месяц назад +13

      @@subrotoxing8214 If you think her network of shell companies and bank transactions emoluments is not sophisticated then idk what to tell you, it's complex financial engineering with a sprinkle of political relationships. Calling this scheme not sophisticated is like calling Enron child's play

    • @lancecahill5486
      @lancecahill5486 Месяц назад +15

      @@GorgieClarissaI read from other sources that she combined 3 small banks into one big bank, which she had control over 90% of it.

  • @lancecahill5486
    @lancecahill5486 Месяц назад +20

    Somebody in Hollywood probably already bought the rights to this story, so it’s coming soon to a theater near you!

  • @BumSheep
    @BumSheep Месяц назад +15

    Amateur hour ... Since 1971, $50 trillion moved from the 99% to the 1% in the USA.

  • @Bravevanguard
    @Bravevanguard Месяц назад +17

    I can’t believe this guy is a scientist/ professor from a university

    • @gocnhinvutru
      @gocnhinvutru Месяц назад +3

      Agree 😢

    • @havenht
      @havenht Месяц назад +8

      the stuffs he said is not wrong. his communicating skill is a joke tho

  • @headoverheels88
    @headoverheels88 Месяц назад +42

    3% is *wild*. To put into context, the US's military budget is ~3.5% of our GDP. 😭

    • @lancecahill5486
      @lancecahill5486 Месяц назад

      The level of corruption in our government is probably comparable.

    • @MusicalMemeology
      @MusicalMemeology Месяц назад +1

      The debt payments on government debt is already more than the military budget.

    • @schloops8473
      @schloops8473 Месяц назад

      @@MusicalMemeology yah but the money goes to people born rich so the dem and repub party are fine with that

    • @thunkjunk
      @thunkjunk Месяц назад

      Where is the context between Vietnam's economy and the USA's economy?

  • @_rob_.
    @_rob_. Месяц назад +9

    Thanks Professor.

  • @ruthmaloney4378
    @ruthmaloney4378 Месяц назад +1

    Can confirm. I have a business in Vietnam. It is close to impossible to not break the law. The tax system is a nightmare!!

  • @topwonder3909
    @topwonder3909 28 дней назад +2

    I'm from Vietnam, she cheated a huge amount of money, more than 600 trillion Vietnamese dong equivalent to 44 billion dollars, and was eventually sentenced to death, 3 life sentences, and many other convictions....she has a lot of buildings in Vietnam, between several buildings up to several billion dollars and a series of other real estate, she is Vietnamese but originally from Chinese

  • @shinji1264
    @shinji1264 Месяц назад +14

    People die over 5$ in the ghetto, 12 billion dollars would exterminate more than just your family tree. Heck they'd probably get you in the after life too.

  • @nadeeshadissanayaka2015
    @nadeeshadissanayaka2015 Месяц назад +43

    In our country she would have become our PM or President in the Parliament

  • @jbi1839
    @jbi1839 Месяц назад +3

    Why these news not shown in us media news?

  • @studburna
    @studburna Месяц назад +10

    I studied Urban Planning in VGU and we always talked about the real estate bubble in VN that is about to explode; now we see the cause...

  • @matthewraven8859
    @matthewraven8859 Месяц назад +32

    Since 1971, $50 trillion moved from the 99% to the 1% in the USA.

  • @limta74
    @limta74 Месяц назад +20

    I wonder why she didn't do what Jho Low did, run away, hide, and live in luxury.

    • @VanceHelw
      @VanceHelw Месяц назад

      She was caught trying to flee the country, in disguise, to look like a low-middle class citizen.

    • @kimhuong1583
      @kimhuong1583 Месяц назад +6

      she tried but failed.

    • @LittleMew133
      @LittleMew133 Месяц назад

      I think Vietnam has international laws pact with US, Canada, Australia, etc? So she gotta go somewhere real out of the way.

    • @DanhNguyen-1905
      @DanhNguyen-1905 Месяц назад +1

      Once you have a lot of money, you always want to be the richest person in the country

    • @josepanicucci8591
      @josepanicucci8591 Месяц назад

      ​@@DanhNguyen-1905 She should have considered immigrating to the Philippines In the Philippines death penalty was abolished & no corrupt billionaires in PH jails

  • @christinecane12
    @christinecane12 Месяц назад +2

    So why don't they sentenced those who helped her or who she bribed?

  • @chantrau57
    @chantrau57 Месяц назад +4

    She didn’t get much mostly goes to commy secretary, prime minister, president of parliament, minister of the police. Vietnamese peoples call them for the 4 mountains.

  • @josepanicucci8591
    @josepanicucci8591 Месяц назад +29

    Unfortunately she's in Vietnam In the Philippines death penalty was abolished & no corrupt billionaires in PH jails

    • @wavemaker2077
      @wavemaker2077 Месяц назад +1

      Well, the billionaire tycoons didn't steal the government money. They have their own businesses. They can be accused of tax evasion but not stealing the government's money. This Vietnamese lady stole the money of the government.

    • @saka6240
      @saka6240 Месяц назад

      @@wavemaker2077 also in Indonesia no detah penalty for corruptors, but only for significant drug dealers

    • @josepanicucci8591
      @josepanicucci8591 Месяц назад

      @@wavemaker2077 Well, no corrupt billionaire politicians in PH ? No stealing of the governments money in PH ?

    • @josepanicucci8591
      @josepanicucci8591 Месяц назад +1

      @@wavemaker2077 So no rich billionaire politicians in PH who stole gov. money? Amazing !!!

    • @wavemaker2077
      @wavemaker2077 Месяц назад +1

      @@josepanicucci8591 You said tycoons. Can you name the tycoons in the Philippines?

  • @nathanspreitzer6738
    @nathanspreitzer6738 Месяц назад +24

    Closer to 3% of GDP but yeah it’s a lot of money

  • @KCT06
    @KCT06 Месяц назад +15

    This is Vietnam, it's always different. Goodness always wins over evil and in Vietnam morality is more important than money! Advise criminals not to touch Vietnam

    • @jessorin2145
      @jessorin2145 Месяц назад +5

      Have to laugh😂

    • @quangle-zf1hf
      @quangle-zf1hf Месяц назад +3

      Are you living here , Viêt Nam 😆😆😆

    • @quangle-zf1hf
      @quangle-zf1hf Месяц назад +3

      Live at VietNam and learn about the truth

    • @KCT06
      @KCT06 Месяц назад

      I am Vietnamese, I am very sure of what I say and know it very well! If you want to say bad things, that's your problem!

    • @KCT06
      @KCT06 Месяц назад

      ​@@jessorin2145Just laugh freely

  • @perfectbreakfast
    @perfectbreakfast Месяц назад

    I want to hear more about how the laws are structured. The part that he touched on when the video ended

  • @Teh-Penguin
    @Teh-Penguin Месяц назад +6

    I like this interviewer. He seems to be always so curious and attentive.

  • @Laura75052
    @Laura75052 Месяц назад +8

    Well explained!!!!

  • @Tiaimo
    @Tiaimo Месяц назад +2

    If you loan too much, it's bank problem. If you own that bank, it's government and official problem.

  • @NimChimpsky69
    @NimChimpsky69 Месяц назад +4

    And nowhere in the video does it actually say "what she did with 12.5B dollars". Come on DW. Are you creating click-bait headline now? Very disappointed in you.

  • @zatoichison6420
    @zatoichison6420 Месяц назад +26

    The love for money is the root of all evil , no matter what language or country that person is.

    • @anniehuynh362
      @anniehuynh362 Месяц назад

      Love this statement from the Bible. Thanks for repeating it.

    • @havenht
      @havenht Месяц назад +3

      not money, but greed is the root. if you go even deeper, it may just be mental illness is the root.

    • @TrinhNguyen-sh4fj
      @TrinhNguyen-sh4fj Месяц назад

      @@havenhtYup it is the greed for the money.

  • @lancecahill5486
    @lancecahill5486 Месяц назад +48

    In the meantime, the Big Guy enjoys his 10% without any problems.

    • @kaliforniaman
      @kaliforniaman Месяц назад

      OBIDEN?!?…is that you 😂🤣

  • @ralleyquattro
    @ralleyquattro Месяц назад +1

    Sounds like standard corporate greed. How much $$ do you actually need?

  • @chosenone5536
    @chosenone5536 Месяц назад +1

    She stops giving 10% to the big guy.

  • @Wulfieman
    @Wulfieman Месяц назад +115

    Both the professor and DW are making a huge mistake, those 12.5 billion dollars isn't 10% of Vietnam's GDP, but rather 3.47% of its GDP, seeing that Vietnam had a forecasted GDP of 433.37 billion dollars in 2023 according to the IMF. Don't get me wrong, 12.5 billion dollars is still A LOT of money, but it still is a far cry from being 10% of a countries total GDP.

    • @oceanecastelnau9821
      @oceanecastelnau9821 Месяц назад +11

      Thank you for the clarification

    • @zapfanzapfan
      @zapfanzapfan Месяц назад

      So a US equivalent would be stealing a trillion, like the cost of the F-35...

    • @budgetarms
      @budgetarms Месяц назад +14

      It's 17 times more than in the 1MDB scandal from Malaysia

    • @mpn984
      @mpn984 Месяц назад +31

      I believe there were some sources that mention she managed to steal 44B over 11 years but they could only get her for 12.5B….so probably some clarification needed, but in that case that would make sense as to the 10% but the amount she was charged for would put it at 3%

    • @zapfanzapfan
      @zapfanzapfan Месяц назад +9

      The US equivalent would be a trillion. Like the budget for the F35...

  • @Juventinos
    @Juventinos Месяц назад +7

    Can you imagine you get a face lift.. and one week later you're in jail?

  • @Germany._.Kit77
    @Germany._.Kit77 Месяц назад +2

    We should have that court here too😢

  • @khanh604
    @khanh604 Месяц назад +2

    GDP of Vietnam in 2022 is about $400billion.
    This guy is BS.

  • @fangslaughter1198
    @fangslaughter1198 Месяц назад +8

    Excellent

  • @JoeyBlogs007
    @JoeyBlogs007 Месяц назад +10

    As the professor alluded to, virtually the whole system is corrupt and the laws are vague, so it's near impossible to do business in Vietnam without breaking the law.

    • @outdoor75
      @outdoor75 Месяц назад +2

      This is correct having run a business there for several years I can attest to how vague the laws and regulations were. One year always before TET (Vietnamese new year), officials come round the businesses in all districts (we were in Q7 HCMC) and they look for things to fine you on. You can either pay the fine or pay the bribe. The bribe is always cheaper than the fine so obviously you pay the bribe, which once done will happen every year. Unless throughout the year you are giving gifts to the officials, then you won't have such problems before TET. One year we got fined for having English signs on our entry door placed above the Vietnamese signage. We were told all Vietnamese signs need to be above any signs of another language. It was a new one to us after not being told this for 5 years of our signs being like this. Similar with ever changing import duties based on what the customs feel like on the day. Hence I no longer run a business there and won't be anytime soon.

    • @letrang1383
      @letrang1383 Месяц назад

      Yes, it’s right as what you said,

  • @inlander311
    @inlander311 Месяц назад +2

    Indonesia got many similiar cases like this with varied amount

  • @considerthis7712
    @considerthis7712 Месяц назад +5

    I think one jealous official who wanted payments did not get it, blew the whistle.

  • @MV-nt4bq
    @MV-nt4bq Месяц назад +9

    She could’ve took 2 billion or 3 and gotten away with it but stole over 40 billion dollars is just insanely over the top greedy. Can’t feel sorry for her.

  • @aiinvestor3737
    @aiinvestor3737 Месяц назад +22

    With that much money stolen she could have done a much better facial reconstruction.

    • @lancecahill5486
      @lancecahill5486 Месяц назад +1

      Unfortunately, plastic surgery has a limit.

    • @JackLuong
      @JackLuong Месяц назад +5

      being 68 she looks pretty good for her age

    • @josepanicucci8591
      @josepanicucci8591 Месяц назад

      ​@@lancecahill5486 Plastic surgery doctors will not tell us that there are anti ageing creams & supplements that can reduce wrinkles

    • @josepanicucci8591
      @josepanicucci8591 Месяц назад

      ​@@lancecahill5486 Plastic surgery doctors will not tell us that there are anti ageing creams & supplements that reduce wrinkles

    • @Adolfo_Padilla
      @Adolfo_Padilla Месяц назад +1

      That thing will never happen in the Philippines u can steal money by the billions or trillions and you'll never be sentenced with death penalty bcoz the Philippines has no death penalty law

  • @god563616
    @god563616 Месяц назад +1

    OMGosh! Death is really excessive! She's only in her 30's. Have mercy! She was not the only one!!

    • @chaubui9122
      @chaubui9122 Месяц назад

      Hello, she is approaching 70 years old.

  • @user-ki7nq3bi3k
    @user-ki7nq3bi3k 23 дня назад +1

    She had been used the bank as a Ponzi tool. The Money didn’t pass to her pocket but also to the earlier loaners.

  • @thereporter3690
    @thereporter3690 Месяц назад +34

    Officials took bribes and they are not convicted too? It’s not corruption, it’s a failure of every financial system in the world! Greed strikes again!

    • @SilverforceX
      @SilverforceX Месяц назад +4

      80 others are convicted, there's more, they are trying to get her to squeal.

    • @haquoctienalejandro
      @haquoctienalejandro Месяц назад +1

      many many officials are getting jailed, some even life sentences

    • @abcdefkkk123aa
      @abcdefkkk123aa Месяц назад

      4 quan chức bị án chung thân. Và 180 năm tù cho 76 người còn lại

  • @iq-ride9329
    @iq-ride9329 Месяц назад +48

    Send all billionaires to Vietnam

    • @samuelrebecca9915
      @samuelrebecca9915 Месяц назад +10

      And corrupt politicians 😂

    • @iq-ride9329
      @iq-ride9329 Месяц назад +4

      @@samuelrebecca9915 Them too!

    • @lennyhardi3760
      @lennyhardi3760 Месяц назад +1

      Agree!

    • @erickariuki6842
      @erickariuki6842 Месяц назад +2

      And their companies? Do they go too?

    • @wavemaker2077
      @wavemaker2077 Месяц назад +1

      You forgot that her sentence will be commuted later on. She will not be in jail for long.

  • @jamesmansbridge5330
    @jamesmansbridge5330 27 дней назад

    I have never heard someone going to be executed for committed financial crimes,if she was convicted in the US,she would have walked with a fine by the SEC.

  • @PtolemyJones
    @PtolemyJones Месяц назад +23

    Given the fact that she has been tried and is being punished, I kind of assume she didn't do it, seeing the really guilty oligarchs get punished seems so impossible in today's world.

    • @velvetmagnetta3074
      @velvetmagnetta3074 Месяц назад +18

      I suspect she did do it, however, why now? Why is she being prosecuted now, assuming she and many, many others have been doing this for years?
      Sometimes, a new corrupt official will charge the old corrupt officials to send a message there's a new Mafia boss in town.

    • @MrDosonhai
      @MrDosonhai Месяц назад

      @@velvetmagnetta3074 Factions within the Communist party are power struggling.

    • @chechnya
      @chechnya Месяц назад +1

      ​@@velvetmagnetta3074 Because Vietnam is going through changes, one of those changes is reducing/removing corruption. $12 billion is unforgivable

  • @jeff5534
    @jeff5534 Месяц назад +41

    “How do you steal 10% of a country’s GDP and nobody noticed?” 😂

    • @DuyPham-xd8lp
      @DuyPham-xd8lp Месяц назад

      Have you heard of bernard maddoff? Lol Plenty of ways to steal from the common man

    • @kaliforniaman
      @kaliforniaman Месяц назад

      Because they were all in on it…inside job and now blaming her to set by example 😮

    • @acendagrowth
      @acendagrowth Месяц назад +8

      Lots of people noticed, it's just that they were paid to 'not notice'

    • @amoretpax199
      @amoretpax199 Месяц назад +3

      They notice but it's just North communist faction vs. South communist faction at this point...

    • @LittleMew133
      @LittleMew133 Месяц назад +1

      @@amoretpax199 Been like that for a whiiillleeee. Any new updates on their in-flighting?

  • @user-tb8zf4jk8u
    @user-tb8zf4jk8u 28 дней назад +1

    She did it with help from the government, and now they turn their back on her. In Vietnam, they used jungle laws to justice citizens but not for government officials.

  • @alfonsocantu9992
    @alfonsocantu9992 Месяц назад +3

    It's the people in the government that didn't get paid off that wanting Truong My Lan Death but they will turn Vietnam into another Cuba,cause they are so smart and righteous...yours very truly Alfonso Cantu USMC

  • @myself3209
    @myself3209 Месяц назад +98

    Her biggest crime are those eyebrows