Clark;
<<The return of inflation would finally let the property and stock markets hit bottom and rebound. The financial system, with its growing bad loans, would be able to raise its head above water.>>
Wow. Japan "main-lining" inflation to keep their debtors heads above water. From Japan imprudence to Vietnam's jurisprudence, what a difference a few thousand miles can make.
"Death For Failing to Repay Loans"
Hanoi,Wed. - A Vietnamese businessman has been sentenced to death for failing to repay loans which he obtained from various state agencies and private individuals, a court official said today.
Tran Nu, former director of Phong Nhu, a private trading company, was sentenced to death in a Ho Chi Minh city court for "appropriating public properties" and to another sentence to life imprisonment for "seizing possession of socialist properties", the local official said.
Nu was convicted for failing to pay back 4.3 billion Dong (about 4m USD) borrowed from two state agencies and eleven individuals, 800 million of which was from police of a district in Ho Chi Minh City.
This story, carried in the paper in Kuala Lumpur, did not mention which sentence the accused would be allowed to suffer first.
Best,
Stitch
|
