HO CHI MINH CITY: The appeal of a Vietnamese property tycoon convicted of money laundering began on Tuesday, three months after she lost a challenge against the death penalty in a separate case.
Property developer Truong My Lan was found guilty in April 2024 of stealing money from Saigon Commercial Bank (SCB) and sentenced to death for fraud amounting to $27 billion.
Lan appealed against that verdict and the court said there was no basis to reduce her sentence, but ruled that she could still escape the death penalty if she returned three quarters of the stolen assets.
Now she is appealing against the verdict from a second trial in October, in which she was sentenced to life in prison for three crimes.
On Tuesday Lan, now accustomed to high-profile hearings, chatted with police officers and looked relatively relaxed as she waited for the court to start in Ho Chi Minh City.
Her niece, who was handed a five-year prison term in October for fraudulent appropriation of property, sat behind her, flanked by officers.
It is the first time Lan is in the dock without her husband, Chu Nap Kee, who is not challenging a two-year sentence he was handed for money laundering in October.
The appeal will last until April 21 and Lan will be defended by eight lawyers, according to state media.
The 68-year-old was found guilty of laundering $17.7 billion and illegal cross-border trafficking of $4.5 billion.
She was also found guilty of bond fraud to the tune of $1.2 billion.
The court determined that Lan was “the mastermind, committed the crime with sophisticated methods, many times, causing especially serious consequences.”
Thirty-three other defendants were also sentenced at the court in Ho Chi Minh City and given terms ranging from two to 23 years in prison.
Twenty-seven of them are appealing against their sentences, state media said.
During her first trial in April, Lan was found guilty of embezzling $12.5 billion but prosecutors said the total damages caused by the scam totaled $27 billion – equivalent to around six percent of the country’s 2023 GDP.
Lan owned just five percent of shares in SCB on paper but at her trial the court concluded that she effectively controlled more than 90 percent through family, friends and staff.
Tens of thousands of people who had invested their savings in the bank lost money, shocking the communist nation and prompting rare protests from the victims.
Vietnam death row tycoon begins appeal in $17.7 billion money-laundering case
https://arab.news/nzryc
Vietnam death row tycoon begins appeal in $17.7 billion money-laundering case
- Property developer Truong My Lan was found guilty in April 2024 of stealing money from Saigon Commercial Bank
- She was sentenced to death for fraud amounting to $27 billion, but appealed against that verdict
UN’s top court opens Myanmar Rohingya genocide case
- The Gambia filed a case against Myanmar at the UN’s top court in 2019
- Verdict expected to impact Israel’s genocide case over war on Gaza
DHAKA: The International Court of Justice on Monday opened a landmark case accusing Myanmar of genocide against its mostly Muslim Rohingya minority.
The Gambia filed a case against Myanmar at the UN’s top court in 2019, two years after a military offensive forced hundreds of thousands of Rohingya from their homes into neighboring Bangladesh.
The hearings will last three weeks and conclude on Jan. 29.
“The ICJ must secure justice for the persecuted Rohingya. This process should not take much longer, as we all know that justice delayed is justice denied,” said Asma Begum, who has been living in the Kutupalong refugee camp in Bangladesh’s Cox’s Bazar district since 2017.
A mostly Muslim ethnic minority, the Rohingya have lived for centuries in Myanmar’s western Rakhine state but were stripped of their citizenship in the 1980s and have faced systemic persecution ever since.
In 2017 alone, some 750,000 of them fled military atrocities and crossed to Bangladesh, in what the UN has called a textbook case of ethnic cleansing by Myanmar.
Today, about 1.3 million Rohingya shelter in 33 camps in Cox’s Bazar, turning the coastal district into the world’s largest refugee settlement.
“We experienced horrific acts such as arson, killings and rape in 2017, and fled to Bangladesh,” Begum told Arab News.
“I believe the ICJ verdict will pave the way for our repatriation to our homeland. The world should not forget us.”
A UN fact-finding mission has concluded that the Myanmar 2017 offensive included “genocidal acts” — an accusation rejected by Myanmar, which said it was a “clearance operation” against militants.
Now, there is hope for justice and a new future for those who have been displaced for years.
“We also have the right to live with dignity. I want to return to my homeland and live the rest of my life in my ancestral land. My children will reconnect with their roots and be able to build their own future,” said Syed Ahmed, who fled Myanmar in 2017 and has since been raising his four children in the Kutupalong camp.
“Despite the delay, I am optimistic that the perpetrators will be held accountable through the ICJ verdict. It will set a strong precedent for the world.”
The Myanmar trial is the first genocide case in more than a decade to be taken up by the ICJ. The outcome will also impact the genocide case that Israel is facing over its war on Gaza.
“The momentum of this case at the ICJ will send a strong message to all those (places) around the world where crimes against humanity have been committed,” Nur Khan, a Bangladeshi lawyer and human rights activist, told Arab News.
“The ICJ will play a significant role in ensuring justice regarding accusations of genocide in other parts of the world, such as the genocide and crimes against humanity committed by Israel against the people of Gaza.”
