[Vietnam] ‘Very ashamed and remorseful,’ central bank inspector says at $12B fraud trial (e.vnexpress.net)

submitted 8 months ago* (last edited 8 months ago) by birdcat@lemmy.ml to c/worldnews@lemmygrad.ml

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The State Bank of Vietnam’s disgraced inspection chief Do Thi Nhan said she regrets taking a bribe of US$5.2 million to cover up wrongdoing at Saigon Commercial Bank.

[...]

She pleaded with the court to show leniency given her remorse and other mitigating factors like handing in the entire bribe money to authorities and excellence performance at work earlier. But prosecutors said the mitigating factors notwithstanding, her crimes were "exceptionally cunning" and worthy of a life sentence for bribery.

[...]

The prosecutors have recommended capital punishment for her for committing severe crimes over a long period and causing irrevocable consequences.

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[-] davel@lemmygrad.ml 17 points 8 months ago

This is self-evident enough; I think I’m just typing out my “reform and opening up” anxiety. Private banks in socialist countries are a nexus for a potential bourgeois recapturing of the state. They’re deputized to create debt-based money out of thin air, which is potentially a lot of moola slushing around.

[-] lil_tank@lemmygrad.ml 11 points 8 months ago

Reform and opening up was a dangerous path, but maybe all path were as dangerous and even maybe it was the least dangerous path

[-] davel@lemmygrad.ml 9 points 8 months ago

Yup, and I’m in no position to judge.

this post was submitted on 28 Mar 2024

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