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Vietnamese MILF accused in US$44 billion bank fraud

Byebye Penis

Alfrescian
Loyal

Truong My Lan: Vietnamese billionaire accused in multi-billion dollar bank fraud​

https://www.bbc.com/news/world-asia-68778636

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Truong My Lan is charged with taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. Prosecutors say $27bn may never be recovered.

Truong My Lan comes from a Sino-Vietnamese family in Ho Chi Minh City, formerly Saigon. It has long been the commercial engine of the Vietnamese economy, dating well back to its days as the anti-communist capital of South Vietnam, with a large, ethnic Chinese community.

By 2011, Truong My Lan was a well-known business figure in Ho Chi Minh City, and she was allowed to arrange the merger of three smaller, cash-strapped banks into a larger entity: Saigon Commercial Bank.
Vietnamese law prohibits any individual from holding more than 5% of the shares in any bank. But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% of Saigon Commercial.

They accuse her of using that power to appoint her own people as managers, and then ordering them to approve hundreds of loans to the network of shell companies she controlled.

The amounts taken out are staggering. Her loans made up 93% of all the bank's lending. According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.
 

laksaboy

Alfrescian (Inf)
Asset
Many Vietnamese ladies have good figures.


I was almost knocked down by a pretty Viet lady who wore that the last time I was in Saigon, I hesitated a bit during jaywalking and she fell over on her Vespa scooter. I helped her up.

I still remember the location: Saigon district 1, somewhere between the Ho Chi Minh statue near their City Hall building, and a Tourist Visitor Centre. The road is next to Rex Hotel.

https://www.rexhotelsaigon.com
 

k1976

Alfrescian
Loyal
There has never been a show trial like this, I think, in the communist era," says David Brown, a retired US State Department official with long experience in Vietnam. "There has certainly been nothing on this scale."

The trial is the most dramatic chapter so far in the "Blazing Furnaces" anti-corruption campaign led by the Communist Party Secretary-General Nguyen Phu Trong.

A conservative ideologue steeped in Marxist theory, Nguyen Phu Trong believes that popular anger over untamed corruption poses an existential threat to the Communist Party's monopoly on power. He began the campaign in earnest in 2016 after out-manoeuvring the then pro-business prime minister to retain the top job in the party.
 

glockman

Old Fart
Asset
I was almost knocked down by a pretty Viet lady who wore that the last time I was in Saigon, I hesitated a bit during jaywalking and she fell over on her Vespa scooter. I helped her up.

I still remember the location: Saigon district 1, somewhere between the Ho Chi Minh statue near their City Hall building, and a Tourist Visitor Centre. The road is next to Rex Hotel.

https://www.rexhotelsaigon.com
you did not tend to her wounds, buy her a meal, invite her to your hotel room?
 

Byebye Penis

Alfrescian
Loyal
I realised that too, hardly saw any fat bitches the many times I was there. I credit it to their mainly vegetable based diet.

Good wify material for many many BBFAs

Their local men are generally useless. When they have money, they abuse their women.

When viet men have no money, they get marry by 20 so that they have some purpose in life (have kids) and the viet women will need to make money for them.

By mid-20s, viet women will divorce and seek second marriage; with such baggage, so these ladies are more demure to their next men.
 

k1976

Alfrescian
Loyal
Their local men are generally useless. When they have money, they abuse their women.

When viet men have no money, they get marry by 20 so that they have some purpose in life (have kids) and the viet women will need to make money for them.

By mid-20s, viet women will divorce and seek second marriage; with such baggage, so these ladies are more demure to their next men.
But .....atas pink oyster will loosen and turn black after 1st round marriage and give birth liao, right?
 
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