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What happens when one person owns a bank and is free to do whatever they want with customer deposits. Well.. they steal as much as they can before they get caught. The case of Truong My Lan was one of the largest fraud cases in history. She stole $44 billion and in the end was served the ultimate sentence.

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Producer: Dagogo Altraide
Writers: Laura Woods, Dagogo Altraide
Editors: Tanzim Uddin, Dagogo Altraide

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49 thoughts on “How One Woman Stole 3% of Vietnam’s GDP

  1. Vietnam is a corrupted country anyways. If she hadn't done that, there would have been someone else. Everyone wants a piece of $$$$$, it's just the matter of how much. Anyway, corrupted country.

  2. back in that day, we have a joke "let's find Truong My Lan's treasures", like in One Piece anime
    the whole country are shocked by her, by the things she made, the "harmful" thing to our economy
    but now most of us already forget her, who want to remember a criminal

  3. What would you do with this kind of money? Small island and a castle cost less. In case of some cataclism/nukler war/virus on earth you want to go to space to life few extra months? At this amount money is just numbers. This is just extreme megalomania, specially if you have a legal buissnes in place where other people work for your wealth. Also death sentence changes nothing. Its only a display of power and a way to reduce cost of detection of this things, hoping no one will do it again by fear of being murdured.

  4. KPMG and Deloitte are accomplices.. Nothing is free. The latest news people get is that the former Vietnamese PM get a bribery amounted to 100 million dollars. Does it surprise you ? The entire Vietnamese ruling party members, their associates are crooked. Period. The victims are the entire Vietnamese Jane and john doe. LMAO. the world is naive ? no, they are all accomplices.

  5. Her sentence in Vietnamese legal context is proportionate to the damage caused to the victims and society as a whole.

    From my limited recollection there is no minimum or maximum sentencing In Vietnam the sentences are supposedly dealt out in proportion to the crime a person is convicted of this, is why drug crimes are harshly (drug smuggling almost always leads to execution) dealt with as, the percieved impact to society from substance abuse is considered high … regardless of data…

    Now to say there wan't a polical slant to her sentence would be a flat out lie because, Vietnam has been purging from the top down and private sector corruption like mad ever since they started to negotiaete and eventually sign TPP (CPTPP) in order to actually properly benifit from the potential capital influx.

    On another note if, she has kept her bribes to not cash but, luxury items she probably would have stayed under the radar. In Vietname "gifts" are pretty commonly overlooked but flat out cash is not.

  6. One party systems can be a boon or disaster…no safety valve and it completely rest on the leader …once it achieves success the leader think they can do no wrong and the slide starts…

  7. Her husband (Eric Chu Nap Kee) is a wealthy Hong Kong power broker and real estate mogul. There are rumors that she was laundering money for him through her bank (hence the infinite money glitch), because she could've stopped at any point, but had to keep going because of her husband. On top of that, she had multiple chances to flee the country and forego her Vietnamese citizenship but she always came back, so I definitely think there were people, who engender her to keep going. I reckon there might be others involved and she ended up the scapegoat.

  8. Well, im a Vietnamese. My parents got decive and lost 3 bilion vietnam dong. It was a huge money for us😢. Our family are so mad😡 to lost money for nothing, she trick alot of people, too. Now, the SCB bank disappear from Vietnam after that.😭

  9. so smart and so dumb the same time, all that money, she could bought the whole Vietnamese government, or at least the judges, if none of them work, hire hundreds of hitman, buy tanks and fighter jets. so much money, she could do whatever she wanted. wasted opportunity. look at our supreme court in usa, some of them judges already bought

  10. how can one woman do this…to accept this blindly is the same being the weak government that let this happen without control…she looks like a woman of character…respectable…truly a waste for the country…hopefully she survives and later contribute to the country…

  11. Waaahh she is just on rank with our Najip Razak 😂😂😂😂😂😂😂😂 our Najip also very 'mastered' in stealing money from our country treasures. But far away from our Mahathir's ranking! Just like imagine that Mahathir's sons are all billionaire and now all of them are under Malaysia Anti Corruption radar for sometimes! 😂😂😂😂😂

  12. When you have people saying trump's court rulings on fraud and corruption is "business as usual" and shouldn't be pursued you are saying the USA is going to become like this, and you are just fine with it….and don't say "we are already there", we are not, but you are making us closer to it.

  13. What was she planning to do with all the money? Did she intend to give it back after profiting from the investments? So confused, she couldn’t just keep all 44billion

  14. It seems if Vietnam has a problem of punishing its bankers too much when they commit massive amounts of financial fraud, in the US we have the problem of rewarding bankers when they commit fraud on a level that almost brought the global economy to its knees.

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