The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: Elroy Jetson	4/11/2024 10:53:07 AM
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The chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery and violations of banking rules at the end of a trial in the business hub of Ho Chi Minh City, state media said. From early 2018 through October 2022, when the state bailed out Saigon Joint Stock Commercial Bank after a run on its deposits triggered by Lan’s arrest, she appropriated large sums by arranging unlawful loans to shell companies, investigators said. She was found guilty of having bribed officials to persuade the authorities to look away, including paying $5.2 million to a senior central bank inspector, Do Thi Nhan, who was earlier sentenced to life in prison. Donald Trump commented, "It's so very unfair that the Vietnamese deep-state is attacking very successful business people just because they solve serious problems in the Viet Nam economy, which would have collapsed completely without my help when I was President. When I'm re-elected, billionaires everywhere will be able to run free - It will be a beautiful thing, literally everyone is talking about it."

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